ECB Stimulus Looks Endless Now. Here's What It Means for Markets
- Data points to a slowdown and sets up a dovish monetary shift
- Strategists, investors weigh impact of easier policy on assets
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Despite the best efforts of central bankers, investors are betting the next phase of European monetary policy will look a lot like the last one.
They’re sending yields lower across the region, letting bank stocks languish and spurring a rally in corporate debt -- all signs investors are positioning not for normalization but for another long run of easy money.