BHP’s bid for Anglo American made my headlines today. Yesterday, it seemed to me tech was driving markets post close with Microsoft and Alphabet making some large moves. US inflation was stronger, but GDP was weaker. If I remember correctly, the Fed has a dual mandate: maximum employment and price stability.
Today, EU markets didn’t move (i.e. rise beyond overnight moves) while the US was asleep. So once again, European investors were not buying while US investors were sleeping. E-minis, however, are flat at the time of my writing.
Coincidence? The 61% Fibonacci retracement coincides an A-B-C.
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