Markets have adopted a glass half full approach, says NABs Ray Attrill, as fears of a recession take a back seat. One factor could be people dipping into the considerable savings amassed during the pandemic.
Markets are still responding to the weaker CPI read this week and don’t seem to believe the Fed when it says there’s still work to do. But NAB’s David de Garis says oil is the real inflationary concern as the northern winter approaches. https://t.co/byTJ4y58Db