Oct 29, 2010
| Last Updated
- The Fed’s expected announcement of second round of quantitative easing (QE2) is the talk of the town. Much of the effect of QE already has taken place thanks to the pre-announcement pronouncements. However, that has not necessarily translated into strong risk buying U.S. equity markets.
- The tentative rally did not favor the riskiest assets as much as we expected. We are very skeptical that QE will significantly affect growth and we believe that QE2’s main results, dollar weakness and lower Treasury yields will help ignite risk buying. In fact, we are already seeing doubts in[...]
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