Don’t Fight Central Banks

(1) Will central banks exit their New Abnormal policies? (2) Can the global economy take it? (3) The FOMC Debating Society. (4) The ECB is expected to open the exit door tomorrow. (5) No change at the BOE. (6) Another round of QE from the BOJ. (7) PBOC tightening not doing much so far. (8) Brazil postpones the fight against inflation. (9) Too many bulls! (10) More on LargeCaps vs. SMidCaps. (11) Autos are U-shaped. Construction is L-shaped. (12) Mostly underweighting Autos.