Sorry, maybe I should have posted that on the "bear" thread? Or maybe not? The IMF is meeting in the US and I cant imagine them setting up the markets for a bond market crash. Maybe they have insider info on the US inflation data? No, way would the Bank of England (BoE) stop supporting the gilt (UK bonds) market on the same day as the latest US CPI data is released - unless its good news? Besides that, "the Bank of England telling pension fund managers to finish rebalancing their positions by Friday". Is unusual? Rebalancing the portfolios now will move more money out of cash into stocks that are down the most? Why do that unless you were expecting a big rally?
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8,514.2 |
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| Open | High | Low |
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| XJO (ASX) Chart |