The Buck is Back!

Dollar signals abound! Details inside for subscribers. Here's two versions of my Central Bank balance sheet vs Equities charts. The top chart shows the S&P 500 vs the FED, ECB, and BoJ. The 90 day correlation here is .56.  The second chart adds in the PBoC balance sheet and compares it to the MSCI World index. That 90 day correlation is now .76.

051915spxbanksexchina

click chart to enlarge

051915msciBanks

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