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Same old brand new story for US stocks to start the week

Same old brand new story for US stocks to start the week

Friday saw a strong rally in Wall Street to finish at the highs with the S&P 500 index closing up by 1.9%, owing much to some dovish commentary by Fed's Waller. He endorsed a 25 bps move for the next policy meeting and also said that "if markets are right about inflation", then that is "good news".

That's a big nod to how accepting they are of market movements and was enough to get risk trades pumped up. Despite the... Read More

Posted: Jan 23 2023, 05:10
Author Name: forexlive
Views: 111756

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