Buy A Dip, Any Dip

A lackluster session in the US found equities drifting lower into the afternoon following a painfully pointless virtual chat between Jerome Powell, Janet Yellen and Congress. Powell mindlessly reiterated a series of talking points so boilerplate that they may as well have been pre-recorded. And who can blame him? The questions are always the same. It's just different people asking them. There are only so many ways you can answer the same question. Some asset prices are high, but banks are well

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