below-the-50d

Is This What Sent Stocks To A Record High This Morning? | Zero …

Many are confused this morning at the exuberance in US equities after dismal data and a bond market that is barely budging. Of course, the answer lies deep in the fun-durr-mentals of the JPY carry trade… but this time it’s different as it would appear a note from BofA proclaiming “it’s time to buy AUD” coincided perfectly with a ramp […]