Quote:
Originally Posted by DoubleK
The only panic selling that I've contemplated would be in response to the Bank of England going full Tropic Thunder like they did today.
Kinda want to hear @Slava take, but they appear to have completely lost the plot.
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Are you saying I’ve lost the plot or the BoE?! I’m assuming you mean they have?
It’s interesting to me because the BoE had to do something because of the fiscal policy that Truss and her crew are taking. So they dive in, buy bonds and get things stabilized. Someone had to do something because the pound was getting…well, pounded.
This morning jobless claims were lower than expected and it’s risk-off again. I think we have a few more weeks to muddle through and should get some increasing stability with the midterms. These next few weeks might not be great though. (Since people are predicting things, vaguely!)