Stocking up and moving up
Wednesday 19th August 2020US stocks continue to rise to record highs, helped today by strong housing starts and building permits. Phil Dobbie asks NAB\u2019s Tapas Strickland whether there\u2019s too much optimism about the rate of recovery and that\u2019s showing in overvalued assets, including stocks and gold. Maybe the FOMC minutes will bring us down to earth tomorrow morning, although the news that Nancy Pelosi has indicated she\u2019ll agree to go halfway on a fiscal stimulus deal might add to market enthusiasm.
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