Why Fall May Bring Fresh Highs for Stocks and Higher Bond Prices

Leave it to the world’s central bankers to bring an abrupt end to the lazy days of summer. First we had the U.S. Federal Reserve’s annual Jackson Hole gathering in late August, where the rock stars of monetary policy—Fed Chair Janet Yellen and European Central Bank President Mario Draghi—hit the stage amid the twin pyrotechnics of easy money and a vision of the future where every worker has a job. Then, Dr. Draghi promptly delivered on his promise to add stimulus to the euro zone economy with lower interest rates and asset purchases. His action came as Japanese Prime Minister Shinzo Abe used a cabinet reshuffle to show he has not given up on Abenomics just yet.
Source: Markets