This should be interesting.
…what we wanted to point out are the multiple layers of irony here.
Needless to say, that’s likely to fan the flames in terms of speculation about whether the predictably “boring” BoJ is about to get more exciting and thereby become a source of uncertainty for markets.
“Therefore, 2018 has the potential to be a substantial tipping point in the supply/demand dynamic.”
“Many clients we meet are fully invested bears, nervously looking over their shoulder for signals of the next ‘Great Unwind’.”
All eyes on (geo)politics. And Canada. Of course.
“But that’s not the half of it: Those massive buys were accompanied by a giant amplifier in the form of front-running speculators and arbitragers who hang around the casinos.”
But for those interested in trying to “DO SOMETHING” (as opposed to just kicking back and being “actively” passive)…
“Bitcoin’s price looks abnormally high if you graph it.”
All in all, “no rest for the weary” if you’re a market observer/trader.
“…it’s about to accelerate. Not only that, the tank is full of gasoline, and the car has been stripped of all the extra weight.”
“Nothing, it seemed, could upset the future.”
Follow the red line…
“Yet, we would argue that the mere fact that investors fail to spot trouble in a single sector should not be grounds for comfort: the reason why no single sector stands out may be that all the sectors are mispriced.”