TMV - Did Powell Toss In The Towel Or Was It A Tactical Retreat?
Overview: The Fed's dovish tone and earnings news are the main drivers of the capital markets today, helping lift stocks, bonds, and currencies. Large equity markets in Asia, including Japan, Hong Kong, China's CSI 300, India, and Indonesia, all rose more than 1%, putting the MSCI Asia Pacific Index in a good position to extend its rally for a fourth consecutive week. European shares are higher, but the gains are not as impressive, and the leading sectors are energy and healthcare. Financials, information technology, and communication sectors are laggards. Sovereign 10-year benchmarks are mostly 2-3