Fireworks set off second half of 2014

Summary: Dow, S&P 500 start second-half of the year with lifetime highs fueled by U.S. and China factory data; Netflix surges on Goldman buy rating; GM defies fears as industrywide sales top forecasts

Euro – Standard Chartered analysts expect ECB to implement QE in the second half of 2014

Standard Chartered analysts expect ECB to implement QE in the second half of 2014 Their modelling shows that the impact of ECB action on global liquidity will have about the same impact as the Federal Reserve The say that “focus should start shifting from the actions of the Fed, to what the ECB will do.” – Earlier I posted on what Goldman Sachs are saying about equity markets and also that Goldman Sachs note to clients says EUR/USD should remain a sell on rallies