Re: Q3 earnings? - board
Today's rally could be a result of the Bank of England reinstituting QE to stem the rout in their currency and bond market. That may give the bulls hope that the Fed will be forced to do the same. Zerohedge has speculated that once something breaks (as it always does when the Fed hikes) the Fed will be forced to stop QT and restart QE and that all risk assets, especially commodities. will rally. Some have even said that the Fed will change their inflation target ("temporarily") to 3 or even 4%. It wouldn't surprise me to see this rumor repeated often in an attempt to stop the current downdraft, just like the notion of "temporary" inflation was floated last year.