Report
A double capitulation
The first capitulation was Donald Trump's to Nancy Pelosi, the leader of the Democrat opposition in the House. This brought the government shutdown to an end and reduced the degree of uncertainty. Good news! The second came from Jerome Powell. Recently, investors were anxious that the Fed’s balance sheet might be shrunk to such an extent that it would asphyxiate the markets (which is highly debatable). The Fed's chairman must have feared that these concerns could trigger a financ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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