Stunning is a word that sums up this week’s action. It fits because it can be used in proper context for all parties involved in the capital markets, regardless of whether they held short or long positions. The behavior of stocks? Stunning. The behavior of Treasuries? Stunning. The behavior of commodities? Stunning. The behavior of currencies? Stunning. The behavior of the government? Stunning.Recounting all that transpired with sufficient detail would make this wrap a rival to War and Peace in length. Accordingly, we’ll spare you the nitty-gritty and will fo[...]
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[Source: The Money Blogs]
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