More irrational exuberance?
NAB Morning Call
00:00
The US PMI Report: Cost Pressures Stay Elevated
If that exuberant continues, how does that play out in bond markets and currency markets? If everyone is thinking, look at the US, look how well it's doing. I mean, what it means for markets is it's going to continue to mean choppy, choppy trading. And choppy trading for equities as well. It's not just central banks, because we've seen a lot of exuberance in equity markets this week.
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