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What’s going on in the financial markets today? You have Russia trying to stitch the old USSR back together and China in the very early stages of a burst credit bubble, and the US equity market carelessly surging to new all-time highs.
Check out the S&P500 below. On Friday it briefly traded at a new all-time high, before finishing lower on the day. The reason for the reversal was a US-style dividend cut. That is, no one from the Fed promised a continuation of QE or zero interest rates for longer than expected. And a few of them spoke at various times during the US trading session on Friday. (BY GREG CANAVAN)
if US recovers,Foreign investors will out flow from CSE
