Investors keep buying while alarm bells ring louder! | MarketTalk | Swissquote
Looking at the market pricing, you could’ve hardly guessed, but yesterday’s US inflation report was not brilliant.
But US stocks gave a mixed reaction. Why?! Why did people buy equities on strong inflation data yesterday, is the main topic of today’s Market Talk.
Still, treasury markets seemed more down to earth, as the US 2-year yield ticked to the highest levels since last November, activity on Fed funds futures gave a little more than 12% probability for a 50bp hike at the next FOMC meeting, versus around 9% at the start of the week.
But the dollar index remained stuck...