After last week’s rally was mostly erased on Friday as investors fled to safety for the weekend, the rally resumed today thanks to a combination of factors. Markets tried to move past events in the Middle East given widespread efforts to contain the crisis (though the reverberations and implications will be felt for a long time to come). Instead, they focused on a dovish FT interview by Chicago Fed President Goolsbee, anticipation of Powell’s speech on Thursday, reports of easing sanctions in…
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