The markets took a break in the growth of expectations on stimulus

The recovery rally after Brexit was based on the belief that central banks around the world once again will print out incentives to restore the normal functioning of financial markets. Paradoxically, without the market turmoil, central banks prefer to wait for economic data to weigh the need for incentives.
Slightly discouraged, that central banks are in no hurry to soften even more the policy, but not giving up, the markets have stalled in recent days near the local maximums. The second false start of the markets (the first was before the referendum on Brexit) is broke into the reality: relying solely on past experience, the markets can be wrong.