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Is the stock market rally a case of dead cat bounce or festive cheer? | Economic Times
Is the stock market rally a case of dead cat bounce or festive cheer? | Economic Times
Is the stock market rally a case of dead cat bounce or festive cheer? https://ift.tt/JGVAkyB rally in the global markets was triggered by an unexpected slowdown in the US Manufacturing PMI, which gave hope that the US Fed would slow the pace of policy tightening. Following suit, US bond yields fell in tandem with the US dollar.
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