Yes, the long-awaited sharp rally for equities, that was always going to happen with the advent of actual “tapering”, is upon us.
Expect only a momentary pullback, if any, in what is likely to be an ongoing powerful bull market.
In fact, it has been a “Grand Bull Market”, as I have termed it, since March 2009. So we are approaching nearly six years now of what is clearly one of the biggest bull markets in history. All along the way, this bull market has had little to do with quantitative easing and everything to do with what I call the “bottom-up economic revolution”. This is where small and medium-sized enterprises, particularly those of the “new first world” of Asia and Latin America, and recently the resurgent “old first world” of the US and Europe, are driving global growth.