Markets today – 12th Jan 2022
Markets are beginning to look up.
Are they really?
!(https://www.tradingview.com/x/s1R1PCgr/ “Undecided Markets”)
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