Market Reacts To Powell's Dovish Comments: Stocks Surge To Record High, Yields Drops, Dollar Tumbles
Aug 27th 2021 10:20am EDT
Market Reacts To Powell’s Dovish Comments: Stocks Surge To Record High, Yields Drops, Dollar Tumbles In the typical “headfake” kneejerk reaction to any Fed comment, stocks initially dropped on the headline that “tapering is on the way”, but immediately rebounded with spoos rising to a a new record high of 4500, suggesting the market anticipated […]
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