Other Central Bankers & The MegaCap-8, Again

Check out the accompanying pdf and chart collection. Executive Summary: Today, Melissa reviews how monetary policies are being conducted outside the US. Japan’s BOJ has given itself more latitude in policy decisions, retracting a commitment to retain its long-standing ultra-easy stance and widening its target interest-rate range. … China’s PBOC and central government have been working to stimulate its economy by numerous means. ... Europe’s ECB finally paused its rate-hiking recently after a 10-hike streak and trimmed its balance-sheet assets; no more rate hikes or reductions are likely for a while. … Also: Joe updates data on the MegaCap-8 stocks’ growing share of the S&P 500.