A traders works on the floor of the New York Stock Exchange on July 8. Stocks have bounced back spectacularly from their slump in late 2018. Photo: AFP
Opinion
Opinion
Macroscope
Why the stock market rally will not last long, despite dovish moves by central banks
- While recent stock market gains are rooted in confidence that central banks will ease monetary policy, investors are not moving into assets that profit from stronger growth. This indicates a lack of faith in the effectiveness of more stimulus
A traders works on the floor of the New York Stock Exchange on July 8. Stocks have bounced back spectacularly from their slump in late 2018. Photo: AFP