Last week, the dynamics of indices on the leading trading platforms was not similar. There was no stable upward trend; however, this did not prevent the American S&P500 Index to set a new historical record-high on Tuesday, 29 October.
Fluctuations on markets were mainly connected with concerns of investors regarding the decision of the US Federal Reserve System (FRS) on government incentive volumes. Since the beginning of the previous week, market players have been waiting for the decision of the FRS meeting scheduled for 29-30 October.
The market had practically no disagreements regarding the current FRS meeting: market players did not expect the FRS to make the decision to taper re-purchases of government securities. Traders shared this opinion and supported the bullish trend. When the expected decision was announced, the following question arose: when will the FRS actually
make up its mind to taper incentive volumes?
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