MBCC TH 19th April'23 - "Market is too focused on q1, does it really matter when central banks pumped liquidity in Dec/Feb?"

So we all know Q1 was going to be better, after all BoJ/ECB/PBOC mostly pumped the market with liquidity post China zero covid strategy reopening. Of course data will look better. But it is not about q1, we tell you what is really important for the markets. Equities are the least sophisticated of all asset classes.

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