Fra Marketear, Trueinsights og JPM
Explaining 90% of the MSCI AC World Index “The chart below plots the G4 Central Bank balance sheet (Fed, ECB, BoJ, and BoE) as a percentage of GDP (US, Eurozone, Japan, and UK) against the MSCI All Countries World Index. If you run a simple regression since June 2009, the starting point of the biggest monetary experiment ever, you will find that the G4 Central Banks balance sheet explains 90%(!) of the MSCI AC World Index level.”
QT: will it hurt? Net QE by G4 central banks.
Getting closer and closer to the “unprecedented decline” pace G4 central bank balance sheets are projected to decline at an unprecedented pace in 2H…Chart shows annual change in G4 central bank balance sheet size; USD bn
Tech’s BS addiction The crowd loaded up on tech as this was one of the main beneficiaries of the Fed BS expansion. The “gap” between the two has widened lately, but we all know where the BS is going…
