Friday, October 8, 2010

QE Response Has Been Strong

Since QE was hinted at on September 21st, most assets have done quite well.



Though as I noted yesterday, it looks much more like a dollar sell-off than anything else as the Euro has rallied by more than all the sectors above with the exception of oil (i.e. valuations haven't moved or have actually declined in non-dollar terms).

But I guess that's the point...

Source: Yahoo