While U.S. markets enjoyed its own period of drug-induced Federal Reserve policy, foreign markets are now having their own party. With the drug being Quantitative Easing (QE), traders are constantly on the lookout for where they can get their next fix. The chart below, from Bianco Research, does a good job at showing it’s the markets with easy monetary policy that are catching bids.
Source: QE Works, April Edition (Bianco Research)
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