SURVpodcast_12-01-22_1
Bloomberg Surveillance
00:00
How to Avoid Losing Money in the Markets?
The most predominant fact that's driving everything right now is where global equities are going. The correlations between foreign exchange and interest rates have really dropped off a cliff. So you had a green light from the Fed chair last night to sell the dollar and buy risk appetite. That's why you've seen the NASDAQ up over 4% yesterday. We do have a stop on that around 101, 10170 but I think that's going to go towards 108 or 110 in the new year.
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