So much for BREXIT being a bad thing.
The FTSE has been crushing higher over the past 3 days, now up more than 1.3% on the session, after Bank of England’s Mark Carney said, due to BREXIT, they might need to give everything a jolt with a rate cut this summer.
The immediate result is joy. Global markets have lifted another leg and urinated on the heads of shorts.
The pound is off more than 1%; but no one really cares about that anymore.
MOAR QE. MOAR stimulus. That’s all the markets ever wanted.
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The Ark is back today.
The ark never left.
Kind of stunning the TLT keeps going up no matter what is happening to everything else. Better paddle my kayak alongside the ark and wait for the table scraps to be tossed overboard.
The world is bursting with joy. Even boring POT MIS and AGU are getting lifted.
*MOS
I guess the BOE is opting to help consumers, and not the banks and savers, no?