Animal Spirits By Benjamin Picton, Senior Macro Strategist at Rabobank US markets have been in risk-on mode since early votes for Miami-Dade County (usually a Democrat stronghold) in Florida hinted that US voters would be sending Donald Trump back to the White House. The S&P500 had its best week of a very good year last week to close 4.66% higher than the previous Friday. A well-telegraphed 25bps Fed rate cut helped the rally to last into the weekend, with assists from the BOE and Rijksbank who both cut their own policy rates. The extra liquidity from the Fed cut probably… — Continue at ZeroHedge News : Read More
