Bill Belchere of Mirae Asset Securities pointed out that another round of easing would lift commodity prices including crude, which is concerning.
Bill Belchere, Mirae Asset Securities says the global markets are getting a little bit ahead of themselves. "We still have unresolved fiscal issues. I am going to characterise this as a relief rally or re-rating rally. We really don‘t have a real change growth yet," he adds.
We see soft global economy, not only in the US or developed markets, but also in Asia, said Bill Belchere of Mirae Asset Management. He feels that the commodities would fall in this uncertain environment. He expects dollar to remain stable.