Taper Squeeze Is On!

0
37
Published by
ValueWalk

Fed minutes as the straw to break the camel‘s back? This time, they weren‘t as uneventful as so often before, making the markets look for taper to indeed come – and sooner than expected. Quite a courageous proposition given that commercial bank credit creation isn‘t ready to take up the slack, and then some. The markets thus reassessed the short-term prospects, reacting with a modest degree of panic not only in select commodities, but finally also in stocks. Seems like the few percent correction I warned about on Tuesday as approaching, is finally here and unfolding: Q2 2021 hedge fund letters…

Read More