persists…mohamed

Overnight, BOJ’s no rate hike stance fuels RISK ON rally; market instability persists…Mohamed A. El-Erian: Yen weakens 2% due to BoJ’s dovish stance, conflicting with economic needs.

Overnight, the BOJ fueled a global RISK ON rally with their announcement that there will be no further rate hikes while markets are "unstable":https://t.co/nX1iahwa8M For pundits such as Zerohedge who are still asserting that a mere .25% rate hike imploded the global Ponzi… pic.twitter.com/38TOmfe5gR — Mac10 (@SuburbanDrone) August 7, 2024 Back to above 147 per …

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