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  • Powell Pours Cold Water On Rate-Cut Euphoria; USA Sovereign Risk Ominously Surges In September

    From zerohedge.com

    US Macro data is on a charge higher in September, surging to its strongest since late-April... chart September markets ended on a weaker note today - after China stimulus piled on top of the super-size rate-cut sent stocks soaring in the month. European stocks ended practically unchanged on the month, US stocks up marginally and China soared... chart All the US Majors ended the month higher, led by Nasdaq 100 (with Small Caps lagging), but overall, while the rip off the early month lows is noteworthy, the month-end gains are modest at best given the massive easing.... chart Stocks and bonds took a hit today ... (full story)

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