Robust Inflows Into US Equities, Investors Still Cautious
It is a sign of the times that investors view improving economic fundamentals with trepidation.
Recent US data prints on GDP and employment, which came out ahead of consensus, caused widespread soul-searching whether these could trigger the dreaded ‘taper.’
By the same token, Janet Yellen’s statements before the Senate Banking Committee that the economy had not recovered enough to justify a rollback of QE led to fresh gains on Wall Street. At last week’s close the DJIA was perched at . . .
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