Artycharty
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Ftse long HERESY!OK out at 7015 for +56 on a ftse long 😲
To be fair, though, Bloomberg is only reporting on the bullsh1t the Fed is feeding the markets.So with a word (not action) there is no inflation risk anymore. Words make the market go up and down thousands of points on a whim.
"The FOMC’s rate outlook has pushed short-end rates higher while longer-end rates fall as traders calculate that there’s now little risk that U.S. inflation will remain above target for long. St. Louis Fed President James Bullard added fuel to the debate on Friday, warning that inflation risks may necessitate a rate hike next year."
Treasury, U.K. yield curves weighed down by rethink on reflation - BNN Bloomberg
The pressure on long bond yields is going global, led by Treasuries and U.K. gilts, as investors reconsider reflation expectations and brace for an eventual pullback of central bank stimulus.www.bnnbloomberg.ca
Does anyone believe any of this nonsense Bloomberg writes?
Is that one of those prop traders?
Shows how screwed up these markets are. 😉Ftse long HERESY!
Dow up over 400 points from the morning low after just a few hours.500 points up today will do me nicely