The quarterly reports push the stock markets, but the fear of inflation remains

On the one hand, the Janet Yellen effect. On the other, the dynamics of the quarterly. This can be explained, in principle, the reason for the rebound of the stock exchanges. Last Tuesday, the US Secretary of the Treasury seemed concerned about the risk of inflation in the US. A fear that, in his opinion, prompted the possible intervention of the Fed on rates. The affirmation could only go indigestible to the markets. And these, in the classic “Pavlovian” reaction, fell. Yellen herself, however, in the night …