NY to ZH – the daily reporting from New York at the start of the US stock exchange.
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They are the best and worst of all time, Charles Dickens would say. Stocks are booming because the economy is down. Few big techs are leading the rally while most of the 2020 stats are still under water.
The reaction to the minutes of the US Federal Reserve’s meeting shows one thing above all: Investors believe in the birthright to rising share prices. Chip values are the focus after Nvidia’s solid quarterly figures. In addition, because of the low price, Intel is establishing a share buyback program.
