“The grid system works. Following their trades works, you make money. Having the support of the room when you are following your own ideas, is invaluable"
Tuesday, 17 March 2015
US economy worries mount as manufacturing output falls for third month running
US economic data continue to deteriorate, casting doubts on when the Federal Reserve will hike interest rates. The slowdown goes some way to vindicate the bond market’s view that interest rates will rise slower than the Fed has been signalling, but raises questions about whether equity investors have fully priced in a slowing of the US economy.