Bears Shouldn’t ‘Overstay Their Welcome’

Ok, this day has officially ground to a halt - presumably due to everyone obsessing over the eclipse and a notable lack of Trump tweets. Generally speaking, everyone seems to be frozen in time ahead of Jackson Hole, despite the fact that, as detailed in our week ahead preview, event risk around the symposium has diminished this month as the ECB has gone out of its way to ensure jittery investors that Draghi isn't going to say something stupid - where "stupid" means anything that might trigger a