We Can Now Firmly Label this Week’s Earlier Action as Bear Market Rally or Dead Cat Bounce

Markets A heavy selling wave on US stock markets eventually reversed intraday weakness on core bond markets while granting the dollar a push in the back. Main US indices ceded 3.6% (Dow) to 4.7% (Nasdaq). Retailers underperformed after weaker-than-expected earnings by amongst others Target. The CFO warned that fuel and freight costs will be $1bn […]

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