ECB’s QE Program Boosting Triggers A Rally In Commodities
Commenting on the ECB boosting its QE Program and today’s trading, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more ECB Boosts Its QE ProgramThe major indices are mixed and flat at midday despite yesterday’s broad selloff and a bearish overnight session, as stocks bounced in early trading. The European Central Bank (ECB) held its monetary meeting this morning and, in line with the latest rumors, it boosted its quantitative easing (QE) program by roughly $620 billion, triggering a rally in growth-sensitive commodities. All eyes will be on the FDA this ...