Quantitative easing yes, and the reflation trade of course.
But if you look you may notice that the rally today was a bit narrow, and driven in part by heavy buying in call options that eventually forced market makers into the equity market to buy stocks to hedge their positions. Financial and material companies were leading the pack.
Still, as you can see, do not jump into a bearish posture or you will be forced to make your losses good and feed the beast. This looks like a Ponzi scheme, but that does not mean it can cannot go on for some time.
