Since the mid-October lows in the indexes, stocks have rallied sharply on bullish expectations for 2023. These have been based partly on what the Fed may do to temper their rate hikes on the back of falling inflation. This new-found optimism from the depths of
Is it entirely coincidental that with the passing of our Queen to the new King that the old is giving way to the new? In terms of finance, has the old strong dollar trend ended with the Queen’s passing? Remember, the value of the US
Events and markets are moving very fast now. That is bringing in huge volatility where markets are turning on a dime. Large daily spikes up/down (and vice versa) are now common – such as yesterday’s (Friday) 800-pip spike up and then down roller coaster session in the Dow and the sharp reversal in the euro.