"Whatever it takes" has morphed to "throw everything at it and pray." In a bigger-than-expected bazooka, Mario Draghi sent EURUSD tumbling, Bund yields rising, and stock prices surging (along with considerable bond spread compression). Bank stocks are limit up in various regions but the real question is – what happens if this "doesn't work"?
EUR tumbles (but only to one week lows)
Despite the uber QE, Bunds are disappointed with only a 10bps cut…
DAX is surging…
Bank stocks are soaring (led by limit-up moves in Italy)
Credit spreads are collapsing…
And of course, US equities are loving it… because all stimulus is fungible (and useless)
Charts: Bloomberg
Запись Bunds, Euro Tumble As Super Mario Sends Stocks, Credit Soaring впервые появилась crude-oil.top.