The response of the markets tell you the impact of the dramatic easing action of the global central banks. As the market gets ready to open in Europe and the US, this is the initial response.
-- Stocks are soaring in Asia.
-- US stock futures are very strong.
-- The dollar is weak.
-- Commodities are strong.
-- Crude oil and gold are strong.
-- European bonds are tanking. (The US fixed income markets are closed.)
The message is loud and clear. This pattern is consistent with previous responses.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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