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Week Ahead: More Central Banks, EMU Inflation and US/Canadian Jobs
Given the steep losses many investors have experienced in recent weeks, many want to identify the culprit that is responsible. Two have emerged. Federal Reserve Chair Powell and Russian President Putin. Putin's threat may have encouraged some risk adjustment, but looking back at February 2014, when Russia invaded Crimea and annexed it, it should not be exaggerated. If anything, the S&P 500, for example may have gained a little, depending on the exact dates one uses. The same is for the Swiss franc against the euro. The franc rose to six-year highs against the euro last week. In 2014, when the SNB was capping the ... (full story)