This mornings market was shaken by the revelation that Lawrence Summers will take the Fed chair. The revelation came by way of a rumor in a Japanese newspaper, meaning there’s no reason to fully rust it just yet, but it adds weight to the idea that Summers is by far the most likely pick. If Summers is put in charge at the Federal Reserve, it is expected that he will tune down quantitative easing quite quickly. That means that stock are likely to lose value as money returns to the bond market. Most of the world’s major indices went along…
Morning Market News: Twitter, Stratasys, Micron, Intel
HFA Staff
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