There are times when market movements are not because of any fundamental development.
They are caused by an adjustment of positions in response to global events.
Today, probably, was one of those days.Global markets are reacting to the US Fed’s decision on interest rates.
Not so much to the fundamental signal emerging from what happened, but to an adjustment of short and long positions that are usually created ahead of any major decision.
There are times when market movements are not because of any fundamental development. They are caused by an adjustment of positions in response to global events. Today, probably, was one of those days.Global markets are reacting to the US Fed’s decision on interest rates. Not so much to the fundamental signal emerging from what happened, but to an adjustment of short and long positions that are usually created ahead of any major decision. In
