There are some very bullish developments happening. First on the monetary side, what the ECB is doing is very stimulative, with a -0.40% on the short term interest rate, 12 Euro counties with negative rates, a massive QE of $1.056 trillion (translated to dollars), and they are going to buy corporate bonds with some portion. We do not like QE as a policy as it creates bubbles that will eventually burst.

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Market in a Minute 2016-3-22