Markets continue to fret that the Fed's 50bp cut may be too much, too soon, running the risk of a resurgence in inflationary pressures.
The spill-over impacts from China's bazooka-esque stimulus measures was relatively minimal... this likely speaks to a degree of scepticism among participants over said stimulus' ability to turn around the fortunes of the world's second-largest economy.
In the FX space, the greenback continued to soften, with Monday's downside momentum continuing. Selling USD rallies remains my preferred strategy for now.
Sentiment was relatively firm in the equity space, with the path of least resistance continuing to lead to the upside, and dips remaining shallow.
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