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China trade agreement

Did Everything Just Change?

How material are this week's QE & China deal announcements?
by Adam Taggart
Friday, October 11, 2019, 7:53 PM

It’s hard to imagine a more euphoric end to the week for bulls.

Two weeks ago I issued a report titled Realistically, What’s Left To Power Asset Prices Higher?[1] which claimed the bulls’ only hope was for a near-term resumption of QE (quantitative easing, aka “money printing”) or a China trade deal.

Well, this week they got both.

...

Jerome Powell announced Wednesday that the U.S. Federal Reserve will resume expanding its balance sheet to the tune of $60 billion[2] per month. And just a few hours ago, the Trump administration announced it had reached a partial trade agreement[3] with its

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