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the rally in everything was the strongest since 2011.

Posted by Richard640 @ 19:23 on June 29, 2019  

Market Instability Watch:

June 21 – Bloomberg (Sarah Ponczek): “One crossed-out word was all it took to send financial markets into a unified celebration that has few precedents in the past decade. Stocks rose to records, bonds surged, oil jumped almost 10% and even gold got into the act, as traders celebrated a dovish conversion at the Federal Reserve. One back-of-the-envelope measure shows the rally in everything was the strongest since 2011. Banished of late has been the soul searching that had afflicted investors for more than a year. Instead, investors closed their eyes and bought, fortified by the willingness of Jerome Powell’s central bank to forego its pledge to be ‘patient’ in formulating interest-rate policy.”

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.