Editor's Note: The chart and blurb below are from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. Click here for more information and to subscribe.
"...Instead of Draghi coming back from the beaches with a bazooka, he sent in the Frenchman. Who’s the French guy? As in The Lefty Economist, Benoit Coeure. This guy hails from L’Ecole Polytechnique and the Paris Club de creditors. He’s big time.
And a big time headline he provided, indeed!
“Ze ECB is going to front-load ze QE” -Coeure
That’s code for we’re going to get back to Burning Euros and buying bonds..."