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Goldman Sachs on the US equities' current "good news is bad news narrative"
After better economic data once again from the US:US August ISM services 54.5 vs 52.5 expectedUS equity indexes sold off:Dow Jones Industrial Average -198 points (-0.57%)S&P 500 - 0.7%Nasdaq Composite -1.06%Treasury yields climbed, yield on the 2-year Treasury note was up about 6 basis points last I saw, easily above the 5% level.Goldman Sachs say that the price action on Wednesday is consistent with the ‘good news is bad news’ narrative:the price action is “characterized by elevated sensitivi...
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Posted: Sep 6 2023, 21:54
Author Name: forexlive
Views: 111530