Don Curren 🇨🇦🇺🇦1d ago
1 Bloomberg: The #US-Iranceasefire agreed to a week ago has been shaky, but it’s holding. That’s the main reason #US #stocks reached a milestone yesterday: At the close of trading, the #S&P had erased all its losses since the war broke out Feb. 28. 🧵 #markets
Show threadDon Curren 🇨🇦🇺🇦1d ago
2 Bloomberg: The recovery has plenty of #investors shaking their heads in disbelief. The #war has driven up #costs for many #companies and #consumers, and raised the prospect of another huge wave of #militaryspending by already-indebted countries. Generally, the world is a more unsettled place. 🧵
Show threadDon Curren 🇨🇦🇺🇦
3 Bloomberg: The #FOMO that has been an animating force in #USstocks for years is exerting a strong pull. “ #Momentum-driven #traders are too loath to miss out on a #rally to worry about what is driving it,” said Steve Sosnick at Interactive Brokers.
Apr 14 at 11:53amWeb