Markets today – 12th Jan 2022

Down

Markets are beginning to look up.
But….
Are they really?


It was a busy morning today. Markets were still absorbing yesterday’s seemingly positive testimonial from Powell which was no different from the meeting minutes released a few days earlier causing the markets to crash. Somehow the markets were extremely bearish on the same news 1 week back, and extremely bullish yesterday.

Fast forward today, CPI / Inflation was reported highest ever since 1982 and markets pretended as if nothing happened. And we had a fairly green day to start with. And then everything changed during the course of the day as if