A Pathetic Punt.
It was more of the same. For the second week running, stocks played a nervous waiting game for the first three days of the week, afraid of being disappointed by some data that was coming out on Thursday. Then, also just like the week before, when the data proved to not be as bad as feared, stock markets got bought up nicely on Thursday and Friday to end the week with gains and yet more new all time record highs.
Monday was quiet as Wall Street traders digested the previous week’s melt-up and decided to hold their fire ahead of the influential PCE inflation numbers later in the week. It was…
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