RE:BoE, BoJ and RBAI believe the CPI number next week will set the stage whether this rally is sustainable. As long as the number is dropping then the FED is winning and a green light to buy. Meanwhile, this week should be good and so I am dipping in on some overly beaten up equities.
Clarke123 wrote: After last week's U-turn by BoE, ferocious defence by BoJ of its currency, RBA surprised the market tonight by hiking only 25bps where 50bps was widely accepted.
Three central banks that aren't that hawkish anymore. Is the wind changing for BoC and Fed as well?
Time to load up stocks given the seasonality of fourth quarter, and these changing winds?