More Easy Money? Really? COUNT ON IT!
From Greg M
Lions and friends.
Yesterday’s announcement by the ECB, European Central Bank, that they are prepared to make MULTIPLE rate cuts this year had a profound effect on the market.
Just following the announcement, bond yields ticked lower with the dollar relative strength also dropping… and this in turn sent stocks higher.
Today the ripple effect continues…
This morning the 10 year yield is dropping again, and the dollar relative strength is also falling, (see image below)… and with that, stock prices are higher.
ALL THIS FREAKSHOW OF A MARKET WANTS IS MORE EASY MONEY… And Its Going To Get It…
GM
The market is a morbidly obese drug addict that needs a constant supply of monetary methadone just to stay alive. Once it stops, game over.
Drunken Sailors.