A Brief Pause
As is usual these days, a divergence from the market narrative leads to a mad scramble to find a news story to fit the unexpected market moves. The latest Bitcoin powered jump in equities ran out of steam overnight, with Wall Street having, shock of shocks, an almost unchanged day. It really shouldn’t have worried market watchers, as the US Dollar sell-off accelerated, and both oil and precious metals carved out more gains. Q4 2020 hedge fund letters, conferences and more In all likelihood, after a few firm sessions, equities just ran out of short-term momentum, with a lack of new drivers from...