Chart Storm For The New Year | Weekly Round Up
Inflection Point
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The Beginning of the Taper Tantrum
The taper tantrum, i believe, started in may when bernanke was run in his mouth in front of congress. But if you caul see any second thing, s p y us. Stocks barely noticed that. Iwas up a stocks dipped a little bit after the taper was over but pretty much smooth sailing. It was emerging markets that encountered a lot of pressure. And in particular, the do lar rallied hard, starting from right before the taper ended into there. So basically, quantitative easing helps global financial conditions, and th helps emerging markets much more than it helps american stocks like ce.
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