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Stocks Jump, Dollar Dumps As Fed Non-News Trumps Second-Wave Virus Fears
Disappointing China macro data, a "very serious" second wave virus breakout in Bejiing (and Guangzhou), and increasing concerns about the rise in US cases across several states... all led to some serious selling overnight with Small Caps down 5% and Dow futures down over 1000 points from Friday's cash close... image But then Europe opened, US opened, Florida's COVID case rose very slightly less than the 7 day average, and The Fed issued a press release saying exactly nothing new and algos went wild with FOMO... Dow futures soared over 1350 points off the lows... image USD dived as gold, HY, and stocks all popped ... (full story)
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- Momofrmnyc
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Not understand?better not follow my analyses!doubt clearer first, risks ++