Rising stocks, told you
|Inflation wasn‘t truly tame, but unemployment claims were through the roof – S&P 500 first reacted with fear as to the real economy status, but as called, the celebration over rate cuts won the day. Nasdaq served no surprises, and lagged badly on the day – I was leaning towards breadth broadening and stock market advance leaving it in the dust anyway.
So what else did clients know? Precious metals and oil daily directions – looking at these, what we expect, incl. in equities today? Following a strong move in one direction, there is usually… (reserved for clients).
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