I was told Icarus would be unleashed.
Fun with the BoJ!
If you don’t have a sense of humor, the market’s reaction to the Fed minutes was probably pretty frustrating for you.
The win streak is over.
“Right away, you’re ready to sell it.”
“When I’ve raised hell you’ll know it.”
“Oh, they’re drunk. How would they know where we’re going?”
It was all about the yen overnight. Again.
So the real drama (if there proves to be any) will come tomorrow.
It may be time to question your religion.
This might seem esoteric, but to the extent you care about Albert Edwards’ thesis with regard to whether a surprise BoJ tightening and the yen appreciation it would entail could end up being the black swan everyone is looking far and wide for, this is something you should probably keep an eye on.
How about a little more fun?
Well, that didn’t disappoint.
Everyone wants to know what comes next.