Equities hit new highs despite weaker ISM numbers and rising US infections. NAB’s Tapas Strickland says investors are still looking through to next year. There’s also hope a stimulus deal will be struck, just as OPEC+ reach an agreement.
Equities bounced back in the US today, as attention switches beyond temporary inflation to the US getting back to work. All the signs we are seeing are that the US is reopening, say David de Garis. https://t.co/PGhGeZ6DH2
US CPI numbers came in much higher than expected, with a swift market reaction. NAB’s David de Garis says the bond market reaction has been mature, but you could argue that the equity market has overreacted. Listen to why: https://t.co/UbdAjb9zja