By Chris Becker
Another day in WTF just happened world and markets rally once more with US financial stocks leading the way to a new record high on the Dow, while bonds continued to crater alongside Emerging Market (read: Mexico and Latin America, NOT Russia) stocks. Make American stocks great again? The rising specter of inflation has seen a few Fed members reiterate the need for independence at the central bank, while gold and other havens fell in price.
Looking at Asian stocks first, where the Shanghai Composite had a very solid session yesterday, relatively speaking, up 1.4% to 3171 points at the close. The breakout is here, so we’re likely to head up to 3400 points very soon:
