Equity markets are off to a strong start, especially outside the US. This is in large part thanks to the market’s belief that bad news begets good news. Bad news is met with central bank policy easing, which keeps the asset reflation carousel going round. This is happening across Europe, Japan and China.
股票市场今年的开局很不错，尤其是美国以外的市场。部分原因在于，市场相信坏消息会引发好消息。对于坏消息，央行用放松货币政策来应对，这让资产再膨胀的螺旋保持着转动。这就是欧洲、日本和manbetx3.0 正在上演的情形。
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