Wall Street

A Little Squeeze

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S&P 500 recovered opening setback fast, and daily volume slightly increased. Bonds though didn‘t follow in the enthusiasm nearly as much – the short-term stock market balance is tight, but I expect the bears to show their upper hand in the run up to tomorrow‘s ECB moves. Even the eurozone (some might say especially the eurozone) has to join in to some degree in the tightening – the Yellen admissions of getting the transitory inflation wrong, are impossible to miss. If you had known me since time immemorial, you had been ready as I covered this first in mid 2020, calling for inflation to be per…

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