O, Canada! China?! Yellen Yellin’: Full Week Ahead Preview

Ok, well this should be an interesting week. We’ll get the BoC, which will make Bloomberg’s Luke Kawa happy because it means Canada will be in the spotlight for once. He’s got some fun Canada-themed socks we imagine he might wear on Wednesday. “The recent avalanche of hawkish messages from the BoC, as well as…

Russell Shuffle Day, Brexit Anniversary, & Crude Carnage

It’s Russell reshuffle day, which means equities will likely be jarred out of any summer lull, if only for a moment. As Bloomberg notes, “in four of the last five years, reconstitution day ranked in the 10 busiest trading sessions, [but] at the same time, it rarely triggers big price swings in the market.” It’s…

Stocks Super Happy, Oil “Flirts With Collapse,” UK Brexits, France Wonders Why No One Voted

Generally speaking, it was a quiet overnight session as traders look forward to a light calendar in the days ahead – or at least compared to the last two weeks. There was of course another “van attack” in the UK (“van attack” has become “a thing” now). Additionally, Monday marks the start of Brexit negotiations.…

China? China! Kuroda Contemplates His Exit, And Other Overnight Shenanigans

It’s “Super Thursday” and although the real fireworks (if there are any) aren’t set to begin until later, it was indeed an interesting overnight session. We’ll start in Japan where GDP data missed badly. Here’s the quick breakdown: Japan Revised 1Q GDP Rises Annualized 1%; Est. +2.4% GDP rises 0.3% q/q; est. +0.6% Nominal GDP…