Wednesday, January 21, 2015

All Eyes On ECB

The recent market distribution that began 2015 appears to have played out for now as market participants have their eyes fixed on Mario Draghi and the European Central Bank.  Current rumors state the ECB plans to make $60 billion (50 billion euros) of bond purchases a month for at least one year and possibly for as long as two years ( 

At this point of the game it is not tomorrow's news, but the reaction to the news that will be most important for market participants. Expect a great deal of volatility as the market positions itself for another prolonged period of QE Infinity.