Monetary equilibrium out the door as markets soar
Almost every market, U.S. stocks, bonds, oil, and even gold, soared last week after the Federal Reserve suggested a rate cut next month and the European Central Bank announced that they would resume their bond-buying program. The market’s reaction spells the end of normal market principals, where asset classes are supposed to perform out of unison and independently from each other. What we’ve seen describes a new reality as almost every asset class moved higher in unison. Thi