A Brand New Trading YEAR Starts...
Happy Chinese New Year To All Chinese And All Other Folks Who Celebrates Spring Festival.Unknown to most, Chinese New Year is celebrated over a 15 days period from the First day of the Lunar calendar to the 15th day of the lunar calendar. This is unlike any other festivals in the world.
Last week has been an extremely bullish week in the markets with the Dow and the Nasdaq Composite coincidentally gaining 1.48% each. The bullishness was contributed largely by an overly simplistic and optimistic testimony by Fed Chairman, Uncle Ben. Investors were largely caught up with inflation worries and rate hikes more than an economy that is losing its competitiveness and slowing down. Similarly, Uncle Ben seems more concerned with inflation reports than anything else too. Is this the paper that is attempting to cover up the fire beneath?
Last week has been an extremely bullish week in the markets with the Dow and the Nasdaq Composite coincidentally gaining 1.48% each. The bullishness was contributed largely by an overly simplistic and optimistic testimony by Fed Chairman, Uncle Ben. Investors were largely caught up with inflation worries and rate hikes more than an economy that is losing its competitiveness and slowing down. Similarly, Uncle Ben seems more concerned with inflation reports than anything else too. Is this the paper that is attempting to cover up the fire beneath?
Labels: us market
posted by Jason Ng at 6:02 PM
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