UK Cut to Aa2 From Aa1 by Moody’s.
As one reader put it earlier today, “is just being open for trading” a good enough reason for stocks to rally?
This time last week, everyone thought we’d all seen our last Friday.
There’s tension in the air.
BANK OF ENGLAND VOTES 7-2 TO MAINTAIN BENCHMARK INTEREST RATE
Generally speaking, this week’s theme (reflation back on in the U.S. as stocks, the dollar, and yields all rise in tandem) held, as there was no news “bigly” enough to change the narrative.
You’d probably be wise to do the same.
Uncertainty around Brexit will of course continue to serve as a countervailing force, which brings us to the cruelly ironic (and exceedingly ridiculous) part of this whole charade
Right, so the storm wasn’t supposed to come until next month.
…do note that there’s a wild card here.
Just biding time…
Kind of makes you think…
Ok, so the market is clearly fading any notion that the BoE is going to normalize policy aggressively. This isn’t a data point that U.S. investors probably care a whole lot about, but U.K. inflation disappointed on Tuesday, printing at 2.6% in July – consensus was looking for 2.7%. Obviously, this has something to do with the…
The day in charts.
CZECH CENTRAL BANK RAISES KEY INTEREST RATE TO 0.25%