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Bitcoin & Big-Tech Rip On China QE Hope; Cash Bonds Closed
Equity markets continued their melt up amid a quiet session with cash bond markets closed for Columbus Day. Rumors from China that authorities will issues 6 trillion yuan in bonds to support stimulus plans prompted talk of the inevitability of a China QE to maintain bond yields... and that QE talk sent stocks and crypto soaring. chart However, as Goldman points out, 6 trillion is a decent number and a good start but nowhere near what they did in the past, to put it into context China did roughly 20 trillion over 2 years in response to the GFC. S&P and Nasdaq were the outperformers. The Dow lagged but all the ... (full story)
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- Posted: Oct 14, 2024 9:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,574
