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Reuters: according to analysts' forecasts, #Turkish inflation has surged above 30% in December amid lira weakness.
The 30.6% median forecast of 13 economists would be the highest since May 2003.
US stocks are on the way to end the third year with double-digit returns, powered by the US economic recovery. S&P 500 soared above $4800 and set the new record high!
#StocksToTrade
Interesting fact from Bloomberg:
'1% drops of S&P 500 were trimmed or erased the next day 68% of the time, making 2021 one of the best years ever for dip buyers'.
The Turkish lira extended gains to over 15% against the US dollar after Turkey’s President Erdogan announced measures to bolster the Turkish lira late Monday.
#Lira#Turkey