Markets seem to have priced in everything going around at the moment. If no news is good news, then the grind higher makes sense from the late July sell-off to the early August lows. So, maybe we need to look towards the Fed’s Jackson Hole symposium to get confirmation. As there is no news, is the rumor being bought only to sell the news? I am not sure what these rumours would be. I haven’t done any research and am therefore reactive to headlines in major financial newspapers.
Correlations to SXXP are very thin except for SXDP.
I am not sure whether momentum is a friend here.
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