This episode of the Market Sitrep kicks off with a look at the ECB’s corporate bond buying program — an unprecedented central bank intervention that will hurt more than it will help. Next we take a look at Belgian equities which broke out to new highs and explain why the breakout is probably a false move. We finish up with a discussion of the “bad news is good news” effect. The central bank narrative is still controlling markets, but how long will it hold up?
Do you think the new addition to the ECB’s easing program will work? Let me know in the comments.
A link to the pdf presentation can be found here.
