Nomura’s McElligott On ‘The Reflation Window’, ‘Breathtaking’ Policy Pivots, Credit Creation ‘Binges’ And More

Nomura’s McElligott On ‘The Reflation Window’, ‘Breathtaking’ Policy Pivots, Credit Creation ‘Binges’ And More

On a day when Chinese equities staged a mammoth rally the likes of which hasn't been seen since 2015 when mainland shares were busy setting themselves up for one of the most nauseating crashes in recent market history, Nomura's Charlie McElligott is out calling this the "reflation window." Specifically, McElligott thinks the details of recent Fed communications combined with China's increasingly manic stimulus efforts and the currency stability pledge in the fledgling Sino-US trade pact to
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3 thoughts on “Nomura’s McElligott On ‘The Reflation Window’, ‘Breathtaking’ Policy Pivots, Credit Creation ‘Binges’ And More

  1. i keep reading the buybacks would blow off every quarter after 4Q18. The covers I can understand. But the net outflows seem overwhelming from retail to passive/active. Charlie’s reflation premise makes me think we will take out those highs in Sept 18 in fairly short order

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