By Chris Becker
The so called bond rout has only lasted a day with a rally sending yields back down while stocks made new record highs on US markets overnight. The ECB released their latest minutes which sent the Euro soaring against USD as they suggest a tweaking of stimulus in line with what they see as a stronger economy.
Recapping action in Asia yesterday where in mainland China the Shanghai Composite has closed up a few points higher to remain above 3400 points at 3424 as its uptrend firms. The next target stills remain at the false breakout high at the 3430 area during November so we’re getting close here:
