All Is Not Well In The World
All did not feel "right" in the world Thursday, despite Jerome Powell's assurances that the Fed has no intention of letting everything fall apart again.
US equity futures were lower and the mood was generally somber after Germany reported a rise in coronavirus cases alongside the worst GDP print since the beginning of quarterly calculations for the country in 1970. Investors were awaiting a raft of crucial earnings from mega-cap tech stateside, as well as the first read on Q2 US GDP and, more i
It played out like the usual as of late, big cap tech up, yields down, nascent cyclical trade dormant until the fall at least, positive gamma returns in the Nasdaq, new all time highs by the time the next NFP data is out with increase in unemployment. Fed wins again…