Hiding Out.
A jam-packed week of major economic data and more earnings reports began on Monday with Japanese stocks reaching all-time record highs after the weekend’s landslide election victory of prime minister Takaichi’s ruling Liberal Democratic Party. Meanwhile, the sprawling Epstein scandal engulfed Commerce Secretary Lutnick and the related political crisis in the UK drove local interest rates meaningfully higher.
The feel-good vibes from the previous Friday’s dramatic stock turnaround on Wall Street continued into Monday’s session with the bulls back in control and the indexes made up more of the…
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