menu search

The Powell equity bump fades. Eyes on Gaza

The Powell equity bump fades. Eyes on Gaza
I don't think that Powell delivered anything that changed the state of play. The upcoming meeting was already a done deal and it's all about data after that. Yes, the jump in long-end yields is effective tightening an the Fed is taking that into account but the long end is running, at least in part, due to a stronger economy.In any case, the intraday Nasdaq chart carved out something of a double top and US 10s are still a shade away from 5%. I can't see real money stepping into stocks or bonds u... Read More
Posted: Oct 19 2023, 17:47
Author Name: forexlive
Views: 091999

Search within

Pages Search Results: