The connection between global equities and expected central bank action seems to have somewhat dislocated lately, and it's good to see the markets use good...

Pepperstone
The connection between global equities and expected central bank action seems to have somewhat dislocated lately, and it's good to see the markets use good news as their main input for sentiment, rather than second-guess central banks. Global earnings have been good from all parts and this has been the key input, which of course should always be the case, as over the longer-term share prices should generally follow earnings and cash flows. Unfortunately over the years sentiment around monetary policy, mainly from the more proactive central banks (i.e. the Fed, PBOC and BoJ), has been the main top-down driver. When you have low growth and an abundance of excess liquidity, you will invariably see much of that liquidity make its way into the stock market. - (VIEW LINK)
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...