Two days in these markets is a long time and it feels a lot longer ago than Tuesday that investors were looking at an Equity market in a bit of a fall and judging whether inflation was on the rise. Yields were rallying, cyclicals getting smacked and today we recovered all of the losses suffered from that day and more as we rallied back with the Stoxx 600, Euro Stoxx, Euro Stoxx 50, CAC, DAX, FTSE MIB and KFX all making 12mo highs at some stage today in the process. Things felt quite squeezy fro…
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