Printing money rally … er What? No, me bad. Quantitative easing rally
The market opened lower but soon resumed the uptrend encountering a bit or resistance at 780.00 then the Federal Open Market Committee (FOMC) announced that the Federal Reserve will buy $300 billion worth of long-term Treasury bonds and thus broke the ticker for the day. Equities jumped, US dollar sunk and Gold and Treasuries went [...]
