BLOOMBERG On The Move July 16, 2014
Youve got equity markets rising. The dax down by 0. 3 . Lets check in and see who is driving. Citigroup down by a third. It is almost as if the equity markets want more focus on the giving side of the testimony from janet yellen. Versus not being concerned about bubbles, versus the fed reserve being concerned about technology stocks. China gdp coming in higher than the market had estimated. There is very little to drive the market higher. The conclusion comes down to this, the china data is being trumped by the Federal Reserve both in terms of Janet Yellens delivery and in terms of what the Fe...