The market has been demonstrating bullish resiliency as it refuses to sell off since last week's reversal. Several days of sideways action or a modest pullback would not be unexpected given the recent advance.
Strong whipsaw behavior in many commodities, as seen in Thursday's session, could be interpreted as markets becoming somewhat over-stretched in their willingness to seek out momentum among the high-beta assets.
In the past, a central banker was meant to be anonymous, quiet, hidden away somewhere so far in the background that the ordinary man wouldn’t know his name or recognize his face.
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