But for those interested in trying to “DO SOMETHING” (as opposed to just kicking back and being “actively” passive)…
“Bank of England says that some modest tightening may be needed in next few years.”
Buckle up, this could be a bumpy ride.
The fireworks started in Japan and that’s where they ended.
Caught between a rock and a hard Brexit.
BANK OF ENGLAND RAISES BENCHMARK INTEREST RATE TO 0.5%
And now, back to your regularly scheduled programming…
“If collapsing props, coughing fits and a comic interruption are all that matter than politics truly is all about style rather than substance.”
UK Cut to Aa2 From Aa1 by Moody’s.
Uncertainty around Brexit will of course continue to serve as a countervailing force, which brings us to the cruelly ironic (and exceedingly ridiculous) part of this whole charade
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…
“Underlying a number of these changes was a shift of market participants’ attention away from monetary policy and towards political events.”
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…