Over-Egging The Pudding

Over-Egging The Pudding

Here we go again with the stories. On Thursday afternoon, US equities were purportedly nervous about Joe Biden's fiscal ambitions, specifically the retroactive application of a steeper capital gains tax for high-income filers. By Friday morning, Biden's federal spending plans were credited with "spurring a Wall Street rally." Whatever fits the price action. European stocks touched a record high headed into the weekend. The European Commission's sentiment index jumped to 114.5 (figure below), u
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