Helicopter lifts S&P500 to new heights

Thursday 14 July 2016

Yesterday I mused that markets might ask we’re we’re headed in a world chock-o-block with rolling risks and today we get the answer: up! The US dollar was a little weak after the BOE didn’t offer moar easing:

And that was despite the yen which is now being dropped from a Japanese helicopter:

Commodity currencies roared:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.