The last Fed cut didn't come with a European QE announcement or huge liquidity being added in the Repo markets for three straight days. The assumption here is that more QE is inevitable. Also, we're generally in exuberant neverland. Cautious money has fled and frothy believers are driving the bus now.
kietle123
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I think it drop then bounce in July and then dropped next couple days. Today was no different, will have to see if the next couples day will be the same.
mansofun
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This is a great observation
I wish I did have an answer. But dont even have a theroy as to why. Anyone does? Please share
Whoever comes up with a good answer has to be taking many important factors into account