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 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
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
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

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 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
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
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.