The ECB printed a little more money than the market’s expectations, but well within the expected range. As shown below, the DAX has given back about 60% of this morning’s early gains. Most markets are either up a little or down a little - nothing dramatic either way.
Wall Street's top stock market strategists have been publishing their predictions for 2015. While every strategist expects to see gains next year, most think those gains will be modest. However, Fundstrat's Tom Lee thinks that's a m... Read Post
Just over a month ago we laid out the market's key indicator for whether NEW QE (or the just as fungible LTRO / unsterilized money printing from Europe) was likely. The 5Y5Y forward inflation expectation has been invaluable in front... Read Post
European markets are up early Tuesday, after final UK GDP figures showed that country's economy is growing at a slightly slower rate than expected. Here's the scorecard: France's CAC 40 is up 0.48% Germany's DAX is flat. Britain's F... Read Post