Growth in semiconductor stocks, Nvidia and Meta in the top, Bank of England, Fed and Bank of Japan rates, yen, won, oil are rising
Stock reviews
• Yesterday we saw a day of rushed buying of semiconductor and AI stocks - the classic "swoop in low." Bulls are betting on a resumption of the rally. I will note that many investors take profits in growing stocks. A soft Powell helped the growth of both stocks and government bonds yesterday. Investors are waiting for tomorrow's labor market report. The Fed-Recession race has begun.
• Yesterday's movements in all markets were associated with the adjustment of positions on the last trading day of the month. The Nasdaq had its best day since February last year, with...