Short-term optimism is colliding with more entrenched uncertainties.
Rewards for shifting into emerging-market and European stocks could be short-lived.
Resilience, optionality and agility are hallmarks of success in an uncertain world.
It must be pure torture trying to assure markets just enough but not too much.
It’s probably QE Lite, but what it’s called matters less than the challenges facing central banks.
The forces pushing stocks up and pulling them down are courting volatility and uncertainty.
Central bankers are determined to loosen monetary policy despite questions about effectiveness and risks.
The Fed chairman’s speech on Friday is an opportunity to reset expectations in large or small ways.
If consumers are spooked by breathless coverage in the news media, they could cut spending and start some real trouble.
Both China and the U.S. have been weaponizing economic tools.