Central Bankers Agonistes

(1) The sun is shining brighter in the US still. (2) Healthier to Stay Home during coronavirus outbreak. (3) Stocks aren’t cheap in the US compared to elsewhere in the world. (4) US revenues and earnings fundamentals look better than elsewhere in the world. (5) Fed is on hold for now, but the next rate move might be lower rather than higher. (6) inflation remains stubbornly below central bankers’ 2.0% target. (7) Powell’s list of six major uncertainties. (8) ECB and BOJ sticking with negative official interest rates, while buying more assets. (9) PBOC injecting liquidity to combat the virus. (10) Waiting on Fed and ECB reviews of their monetary policies.