Visualizing The 'All-In' Hope That QE3 Will Save The US Economy

Presented with little comment but to note the somewhat exponential exuberance in US cyclical stocks (relative to defensives) that has gradually accelerated since the Fed launched QE3. If ever there was a chart of ‘hope’ or ‘faith’, this is it.

 

 

Chart: Credit Suisse

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.