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Powell offers some liquid cheerStocks were mostly solid last week but tech was weak, culminating in a mild US sell off late on Friday. Oracle revealed ostensibly very strong numbers, but this wasn’t enough to beat analysts’ stretched forecasts. With the debt...

Waiting for a Santa RallyCapital markets felt slightly better last week, with incremental gains. Underlying these moves was a genuine improvement in the outlook. Increased expectations of a Federal Reserve rate cut for December – a near certainty after ADP’s weaker-than-expected employment...

Markets give thanks to central banksCapital markets had a good week. Headwinds are abating and optimists see a Santa Rally building, while pessimists see only markets not going higher.  We talk more about the UK budget below, but in short, markets took...