The American nightmare

After a few moderate weeks on the WSE, at the turn of September and October there was stagnation onthe Warsaw bourse The lower US rates effect ceased to work anymore and incoming macro data from US economy failed to clarify the situation regarding the possibility of recession in the world’s biggest economy. But American investors became less sensitive to anythinginimical to US economy. Nevertheless, the state of the US economy is still a major factor for all stock exchanges all over the world.In the second week of October, some good US macroeconomic data drove indexes up, including those on the WSE. Turnovers rose significantly and analysts started to claim that a breakthrough was on the horizon. Indeed, a few days later WIG-20 staked out  new territory by approaching its highest level ever. And domestic funds came back into the game, which helped the indexes too. The last but not least positive impulse was provided by the outcome of the parliamentary elections.Turning to the d