Latest stock market news
• The US stock market has been rotating from Growth to Value for the second day. And demand for long-term US government bonds has grown.It is still unclear whether this is a tactical or strategic move. There were no objective reasons for panic. Therefore, for now it looks more like a capital flow from highly valued securities to lagging and cheap-looking ones.Improving the breadth of the bull market is a good sign for a trend.Bitcoin tested $124,000 this morning.In a week, on August 22, Powell will speak in Jackson Hole, where he may dispel expectations of a Fed...
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