As faith in central banks goes, so goes the market
The market’s faith in central banks will be tested if the Bank of Japan and the Fed don’t deliver this week. But I will also be watching to see if the market falters a bit even if they do deliver.
The market’s faith in central banks will be tested if the Bank of Japan and the Fed don’t deliver this week. But I will also be watching to see if the market falters a bit even if they do deliver.
In Shanghai, Tokyo and New York today stock markets moved on anticipation of central bank policy shifts rather than the direction of the real economy