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US stocks ignite: All-time highs breakout after shutdown fears fade [Video]
Bullish scenario from yesterday’s analysis has now materialized, with Dow, S&P 500, and Nasdaq blasting to fresh all-time highs.Momentum fueled by easing shutdown fears and strong investor appetite, as markets shift focus back to growth and Fed support.Breakouts confirm upside structure, with in
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Gloom never looked so good
The US government remains shut, which means the BLS will likely not release the September jobs report this Friday. Yesterday’s ADP numbers, however, injected a strong dose of dovishness to keep investors going for a few days longer. The data showed the US economy didn’t add jobs in September, but in
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The government shutdown is likely to cement additional Fed interest rate cuts
If any doubts remained about whether the Federal Reserve will be lowering its key interest rate later this month, the budget loggerheads a few blocks away in the nation's capital may have cemented the move. Particularly if the impasse stretches out past a few days, Chair Jerome Powell and his fellow
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Platinum is the outperformer of recent days – Commerzbank
However, Platinum has recorded by far the strongest gains in recent days: since the beginning of last week, the price has risen by around $200 or around 16%, Commerzbank's commodity analyst Barbara Lambrecht notes. Trend is not yet apparent "For the first time since April 2013, a troy ounce of Plati
