Clearly there has been a split between the reality of economic and financial conditions and the equity markets around the word. With central banks using kitchen sink tactics, they are essentially shielding equities and investors from any true price discovery.
But, it is what it is, until it isn’t. It will be very interesting to see what happens later this week with the decision of the German court and if there is a sell the news reason to the FOMC report.
A good bit of this was reviewed n this week’s TDI Podcast.