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S&P digesting market’s (over)reaction to Powell speech
Perhaps the markets were not expecting the Fed Chair to explicitly imply that the FOMC will indeed hike by 50bps in December
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
S&P500: When bad news is good for stock markets
Wall Street rallied yesterday on the back of weak employment data, as investors jumped onto the theme that the Fed may have reached ‘peak hawkishness’.
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