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Rally Monkey: “Stop trying to explain my behaviour. I’m a monkey.”
A snapshot of global equity markets from a few minutes ago: Periphery bond yields are also down, with the Spanish 2-year having declined about 86bps at pixel time. Are markets rallying on: – A US jobs report that was better than expected but roughly in line with the paltry average growth of the past 18 months and has significant methodological limitations – FT Alphaville’s retro Friday M&A speculation RAW double-down – A belated realisation that Draghi’s comments only disappointed before they didn’t, but then they did before they didn’t again. (Kinda like the FOMC statement that also disappointed, but ... (full story)
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The mind thinks, the heart knows...
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forget about tomorrow, just steal away into the night