By Chris Becker
Well there it is. The Federal Reserve raised rates and the world didn’t end. In fact, the USD slumped on relief that the Fed won’t be accelerating its rate rise agenda, Treasuries rallied and got out of the “critical” dangerzone above 2.6% yield, gold launched, stocks went up. What’s not to like?
Looking at Asia’s session yesterday, where it was a case of treading water across the region once more. The Shanghai Composite did nothing, finishing at 3241 points, still hovering just above local support at 3200 level. The former high at 3300 points remains the target here but these fits and spurts are not confidence inspiring:
