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1.Market Observations, 8.Was Sticky

16 June 2017 (AFR) – Why markets ignored the Fed hike – Falling inflation is the new concern for traders

(16 June 2017, AFR, p32, by Philip Baker)

‘It’s not often you get the US Federal Reserve hiking interest rates at the same time as predictions are made that Dow Jones can reach a new high-water mark. But that’s what’s happening now. The blue-chip index closed at a record high of 21,374 early on Thursday morning, after the Fed’s move, and is on its way to 22,900 by the end of the year if Ralph Acampora, the godfather of charting, is right.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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