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The Great Elastic Band Still Points South

The Great Elastic Band Still Points South

For major equity markets, it was a very strong rally at first through Europe, and then into New York.

Nevertheless, the end of day looked a little tired in New York trading. This is because traders seemed to want to simply forget the terrible re-acceleration of inflation, producer prices and then the PCE that we have just seen. As if they were suddenly yesterday’s news.

Perhaps, throughout the history of markets, it has never been easier for traders and investors to believe, whate... Read More

Posted: Feb 28 2023, 09:10
Author Name: forexlive
Views: 110668

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