Mar
14
Wall Street Strategists Downgrade Equities Citing Lack of Central Bank Bullets
ByMorgan Stanley and JPMorgan worry that stimulus no longer bears fruit.
As central banks in Japan and Europe adopt negative interest rate regimes or cut rates further below zero, it seems as though Hungary is the only monetary authority thattruly has enough ammunition left to deploy.
The market carnage that ensued after the Bank of Japan adopted a tiered negative interest rate system in late January presumably indicated that market participants didn’t like this latest serving of stimulus due to worries that it would be too onerous on banks…
Wall Street Strategists Downgrade Equities Citing Lack of Central Bank Bullets
