"When we announce good news, we want the stock market to go up," US President Donald Trump said in his speech at the APEC Summit, possibly as a veiled push for the US Federal Reserve to deliver the much-awaited interest rate cut on October 29.

The two-day review of the monetary policy by the US Federal Reserve is scheduled to end today.

Expectations of a rate cut prop up the market as participants expect more liquidity and vice versa. The S&P500 has gained over 5% in the last two-and-a-half weeks, expecting the US Fed to deliver a rate cut on Wednesday.

“Financial conditions are near historically easy, GDP is tracking 3.5-4%, financial assets are ripping, and inflation remains well above the Fed’s target. In more normal times, there is no way the Fed would be cutting rates,” Richard Ber

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