The market is taking it as sign that war will be delayed. But I'd rather wait for the Powell rebuttal before I make my mind up. The U.N. basically appears to be rejecting the Powell view.
More Quotes from Anais Faraj:
Except for copper, which is influenced by speculation on China, global demand for commodities shows no sign of abating.Anais Faraj
Economic data is currently pointing to a double-dip recession. ... Investors are feeling bullet-proof at the moment but with most professionals away on holiday we expect the selling to begin again by the end of the month.
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Banks have laid off so many people, and now they're getting hit with pretty heavy volumes. At end of the day, there's a labor bottleneck.
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The regulatory changes will squeeze margins, there's no doubt about that. But a sense of normality has returned to the telecoms sector -- investors are no longer worried about asset deflation and are trying to pick the winners.
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The world rally is looking very stale now.
Anais Faraj
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