I won't be able to use the "One, Two Three, Infinity" rhyming schtick after the current round winds down so I figured it was time.
From FT Alphaville:
Yes, yes, this QE ain’t the last QE and heaven knows the outcomes aren’t straightforward and depend on a shed load of variables. But a comparison is always worthwhile — or, at least, fun. So, here’s a relatively straightforward one from Deutsche Bank’s Alan Ruskin comparing the effects of QEs 1, 2 and 3.
First on the dollar index (try to spot the profit taking before the downward trend resumes):
Then on the S&P 500...MORE