21.8 C
Munich
Monday, June 21, 2021

The TINA trade wins again

Must read


There is no alternative to stocks

As I wrote at the start of the day:

Yesterday’s capital gains panic has given way to the question: What else are you going to do with your money?

TINA — there is no alternative.

Bonds are trash and paying 40% in capital gains is better than paying 0% without any capital appreciation.

The S&P 500 is at the highs of the day, up 49 points to 4183. That’s completely erased yesterday’s bizarre drop on capital gains worries.

There is no alternative to stocks

The FX market wasn’t overly bothered by the drop in equities yesterday so it’s not a big surprise that it’s not gushing about the rebound. That said, some AUD strength is beginning to creep in and there might be some buy stops above 0.7745.

AUDUSD 10 mins

That said, we’re running out of time in the week.

Invest in yourself. See our forex education hub.



Source link

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article