Why Are Stocks Roaring Higher? Central Banks Just Printed the GDP of Japan in Two Months
"Central banks have pumped $4 trillion into the financial system over the course of the last two months."
"Central banks have pumped $4 trillion into the financial system over the course of the last two months."
In the last six weeks, the Fed, BoJ and ECB have issued statements saying they are prepared to buy “unlimited” amounts of bonds.
"...if you want to get an idea of where the markets are heading you need to watch credit."
"The Fed managed to stop this massacre by announcing it would backstop everything."
Wall Street estimates are still in fantasyland.
"Europe is shutting down"
"The DJIA briefly slumped to 19.4% of February 2020 high as fears of the impact of the coronavirus pandemic grow."
"Coronavirus isn’t the issue. ... It’s its effect that matters."