The Fed’s pledge of trillions of dollars in support has been key to stock market gains since the massive virus-induced sell-off in March. — Reuters pic
“Cheap central bank money is going to continue to support the stock markets,” said independent analyst Timo Emden in Frankfurt. “Monetary policy will be highly stimulative for a long, long time. Indeed, music to the stock market’s ears,” said Stephen Innes at AxiCorp.
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