20DMF_RT

[Pascal]

Today's recation to the FOMC announcement was the tamest I have seen in more than a year.
We bounced only 1/2 of what I had expected and then reversed down fast.

That is not positive, but fortunately we will have an end of the Month reverse repo tomorrow to take care of the bullish aspect of the markets. Let's hope that Putin will not come out with some indiscreminate retaliatory wording that could generate more unilateral sanctions, which would lead to a final retaliation, which... at the end will hurt everyone.

What a non-sense!!



Pascal