It has been a rough September for the stock market, with the S&P 500 SPX, +0.51% down over 7% so far.
The Citi team does acknowledge the “central bank put remains intrinsically tied to the equity market,” and that there will be more Treasury bond and credit purchases, and a desire to keep inflation-adjusted interest rates well below 1%. New York Federal Reserve President John Williams wraps up a week of Fedspeak with a speech. Durable-goods orders inched up 0.4% in August, after an upwardly revised 11.7% gain for July.
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LamboJohnny Did you write this article ?
That seems like the type of thing a biggie at Citi investments wing would want to tell retail stock buyers so they could gobble up the downturn.
Let the left accuse trump of this, when he wins the left will have to shut it’s trap and accept it like we did last time.
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Source: BusinessInsider - 🏆 729. / 51 Read more »