04.04.2016 - Commodities show signs of recovery hope
Have we hit the bottom yet? That seems to be the question of the moment. No one knows, although there are signs of hope. And there are also signs that this nascent mood of optimism is spilling over into commodities. What to make of a week when one headline screams “Dow posts biggest quarterly comeback since 1933” (another version was: “The Dow is doing something it hasn’t done since 1933”)? They were talking about the fact that, in the last week of March, the Dow and the S&P 500 wiped out their losses for the quarter. Quite a performance, and thanks largely to the Federal Reserve more than hinting it was going dovish on further rate rises. So ZIRP (zero interest rate policy) and NIRP (that’s negative interest rate policy) seem to be the new normal...............................................Full Article: Source
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