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RWIU - Rational Exuberance? Explaining Global Equity Market Gains
Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
Aggressive central bank purchases of government bonds in the US, Europe, Japan and the UK allow governments to issue more debt and suppress the cost of that debt, which has a very powerful effect.
Perhaps the new adage should be, "Don't fight the Fed and the Treasury."
China is shifting towards a slower but more sustainable growth model, which should reduce global demand for commodities.