Monday's global market moves encapsulated the 'FOMO' that seems to be fueling the ongoing risk rally - volatility, the dollar, bond yields and geopolitical uncertainty all rose to varying degrees, yet equities marched higher regardless. 'Fear of missing out' - which some might say isn't all that far removed 'irrational exuberance' - is a powerful force. Morgan Stanley's U.S. equity strategist Mike Wilson has not been the only Wall Street bear over the last couple of years, but he has certainly been one of the most prominent.
City Comment: The City still has a huge amount going for it. We should remember that more often
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Thru | Total | Purse | ||
---|---|---|---|---|
F | -21 | $3,330,000 | ||
F | -20 | $1,998,000 | ||
F | -18 | $1,258,000 | ||
F | -15 | $814,000 | ||
F | -15 | $814,000 | ||
F | -14 | $639,440 | ||
F | -14 | $639,440 | ||
F | -13 | $521,418 | ||
F | -13 | $521,418 | ||
F | -13 | $521,418 |