Markets out of steam on inflation day
It’s not obvious why markets are more pessimistic today, but NAB’s Ray Attrill says it’s likely the Fed’s Financial Stability Report has some influence, with shades of Greenspan’s irrational exuberance speech.
Day: 9 November 2021
THE TWITTERATI
Markets have not significantly retraced their moves after Powell’s speech yesterday. NAB’s Tapas Strickland explains why he created such a positive risk outlook.
https://shows.acast.com/morningcall/episodes/so-what-did-markets-like-about-powells-speech-yesterday
Has the Supreme Court issued the death knell for Scottish independence, or provoked more antagonism? @rdhearing and I talk to Prof Keating from @CCC_Research on this week's Why Curve podcast https://www.whycurve.com/scots-on-the-rocks/