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
Shoplifting and drug smuggling. @mrjamesob two other ways to make the household budget go a bit further.
Hopes of lockdown easing in China supported positive sentiment on Friday, but on today’s podcast NAB’s Tapas Strickland suggests one reason why that sentiment might shift today. https://t.co/CcT1sPNMtY