Following the Fed’s unexpected decision not to taper at its September meeting, Michael Hewson and Jamie Cole look at the market swings as traders hurried to cover themselves (and Michael is looking just a little smug about calling it correctly when many other analysts didn’t).
- S&P 500 surging to all-time highs as QE continues
- Gold seeing a huge lurch higher with spread betting account holders remaining long
- GBP/USD broke above $1.60 but poor UK retail sales may have thrown a spanner in the works
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Video content by Michael Hewson of CMC Markets.
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