What Happens Next?
5/19/2017 4:01 PM EST
Since The Federal Reserve unleashed QE, US Stocks have massively outperformed the Rest of the World...
So the question is what has happened since the end of QE3 in Oct 2014? Simple - it's been all ECB and BOJ as The Fed balance sheet has flatlined...
Did - Stimulus - Message - Look - Oval
Did the "all stimulus is fungible" message just shift? A look at the red oval in the upper right, raises the question - what happens...
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