MARKET UPDATE: CENTRAL BANKS TAKE CENTER STAGE

European Central Bank took center stage this week with Draghi’s announcement of their quantitative easing program.  The program was slightly more than what market participants were expecting which created some force-fed inflation.   Asset prices have moved up correspondingly but Jack questions whether or not there is longevity.  Are there legs to the rally?  The last few QE programs, both in the U.S. and Japan, have been followed by a  healthy move up in equities.

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