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Can the world's central banks save the bull market?
To think that central banks could save the bull market is tempting. After all, the promise of rate cuts and other stimulus measures have helped stocks before. And investors clearly need more than a tariff delay to relieve recent doom and gloom. The problem is, central bank policy isn't what's holding back the global economy, and more monetary stimulus won't help, according to Peter Boockvar, chief investment officer at Bleakley Advisory Group. "The Fed doesn't have the cure for what ails us, just as the [European Central Bank] and the [Bank of Japan] don't at this point," he told me. The federal funds rate in the ... (full story)