It’s all gone k-shaped | Metals Mine

  • It’s all gone k-shaped

    From spectramarkets.com

    This week was a bit of a nothingburger in macro even as stocks recaptured nearly all their losses from last week and the president did some more central planning. The president implored a large public company to fire its CEO and installed a current government employee into the Federal Reserve, but the market and the world just shrugs this stuff off because it’s all part of the new normal. The economic calendar was sparse, with the only real highlight being a rare, tied vote at the Bank of England. Four voters wanted no cut, four wanted to cut 25bps and one wanted to cut 50bps. They settled on a cut of 25bps. The ... (full story)

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