USD and treasury yields had every excuse to go mental last night but both failed to make new highs. So the large green day seems to be relatively well supported by these two factors for now.
Theres still plenty of questions around inflation so I presume the markets will turn to the next Fed minutes / interest rate decision.
I watched one analyst on CNBC this morning saying that maybe most people who were going to panic and sell have already done that. So while the market keeps looking for capitulation, there’s just no one left in any great numbers who want to sell.
LRS General Discussion, page-8413
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