New fed terminal rate, SP targets 3300-3000Higher rates continue, this puts more pressure, does it change anything? not sure, but most big boy US strategists are moving away from soft landing scenarios, many looking for SP profits down quite a bit next few Q. SP 3300 - 3000 at the lows maybe worse, who wants to catch a hot falling knife? I put my hand on the handle today, but small buy. How low can we go by March?