The Weekly Snapshot of the Market:
Volatility in the financial and commodity markets has bewildered investors all week. They have been scared of making wrong moves, letting the hedge-fund traders, who were entirely responsible for the sell-offs and the rallies, drive the markets. In fact, retail clients of the BofA kept on buying – just as they have every week this year, and so have institutional clients: a see-saw that explains the inexplicable intraday price swings. Indeed, investors have been subjected to some ludicrous trading sessions as markets remained hostage to headlines about the Ukraine war, since there was no consensus on how Russia’s invasion would play out. Although we had Wednesday a “dead-cat bounce” for the ages, perhaps it could turn out to be the beginning of the end.
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By Hubert Marleau
By Hubert Marleau
