The other chart shows how the bulls interpreted the Fed's pivot in August 2007. A very bullish reaction in September 2007 when another rate cut followed and then the top shortly thereafter.
Macro Afternoon
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A mixed reaction to the slip on Wall Street overnight across Asian stock
markets with local stocks losing their risk on mood the most, while Chinese
shar...
100x bigger crowds in Europe. Imperial news coverage? Less than Hunter’s laptop.
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