This is why..
..the market is green today, as the decline in rate hike expectations is a supportive factor.
Most of the retreat is attributable to recent dovish comments (e.g. Bostic), which were suggesting a temporary pause in the fall and Ackman rightfully so trashed this as a big mistake yesterday. Expect this trend to reverse as soon as supply issue blow up again as we move into summer.
Most of the retreat is attributable to recent dovish comments (e.g. Bostic), which were suggesting a temporary pause in the fall and Ackman rightfully so trashed this as a big mistake yesterday. Expect this trend to reverse as soon as supply issue blow up again as we move into summer.
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