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The economy slows, but central banks show no signs (so far) of wanting to soften the tightening on rates. And fear is on the air on the markets: yesterday Wall Street – with its more “classic” index, lo S&P 500 – entered the phase “Bear” during negotiationsa threshold that is triggered after a drop of more than 20% compared to the previous maximum, even if it regained ground in closing (+0,01%)moving away from those values by a whisker.