With expectations rising of Fed tapering in September, Jamie Cole joins Michael Hewson to discuss the decline in stock markets and US bonds as well as the latest rally in sterling.
- S&P 500 – fallen below 1675 and may pullback towards trendline
- US treasuries – sell off in US bond price to 2011 low, with 72% of CMC clients short
- GBP/USD – sterling may aim for $1.58 as markets ignore Carney’s forward guidance
- Apple shares – breaking back above $500 for the first time in 8 months on a head and shoulders reversal
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Video content by Michael Hewson of CMC Markets.
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