QE and Q.E.D

(1) Three QE scenarios. (2) What if QE does work? (3) What if it doesn’t? (4) Targeting 1250 on S&P 500 by yearend, 1400 next year. (5) Outperforming sectors since July 2 bottom are mostly global cyclicals. (6) Continuing to overweight risky assets. (7) New Keynesian quant models show puny fiscal multipliers compared to old ones. (8) Administration’s economists used an old model (run by guess who?). (9) A very brief history of QE during the 1930s. (10) “Wall Street: Money Never Sleeps” (-). NOTICE: Our Morning Briefings are now available on FactSet.