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Bank of Japan maintains monetary base target at 80T Yen, keeps benchmark lending rate at -0.1, increases ETF purchases to 6T Yen, and doubles USD lending program to $24B.
You're probably right but correction is on the horizon IMO. Couple of weeks max
Tomorrow will be very telling. BOJ, eu bank stress tests, and q2 gdp. My guess is sell off and pullback coming. The Volatility Index recently dropped to a multi-year low. It is now trading at levels where it was last August 2015, before it exploded to 40. In fact, the put/call options ratio and VIX are both at extremes, pointing to a significant correction in the next couple weeks. I think corection on the horizon
Trucking Companies Moved Less Freight in June
http://www.wsj.com/articles/trucking-companies-moved-less-freight-in-june-1469030580
Trucking Company Failures on the Rise
http://www.wsj.com/articles/trucking-company-failures-on-the-rise-1468486801#livefyre-comment
My guess? Either European banks failing causing massive currency worries lead to a major rise in the greenback leading to a risk-off environment. Italy referendum in October. Or Trump being elected.
I've accepted the fact that Yellen won't ever raise rates again. The whole house of cards would crumble. She's MIGHT do it in December right before trump takes office but I doubt it.
Here's a q/a on the stress test:
http://www.bloomberg.com/news/articles/2016-07-21/banks-brace-for-european-stress-test-results-on-july-29-q-a
Your bad week is coming next week. Don't forget Friday is last day of the month and coincides with European bank stress tests.
Relentless attacks by trump
They probably are. Too much funny money out there
ECB leaves key rates unchanged; Kuroda rules out 'helicopter money'
http://www.cnbc.com/2016/07/21/ecb-leaves-benchmark-interest-rate-unchanged-at-00-percent.html
This is not an environment to be shorting with central bankers working OT since Brexit.
Cruz a sore loser a$$hole
Critical European bank stress tests July 29. Monte Paschi (world's oldest bank at 544 years old) and deutche bank among others are in major trouble.
This coup is amateur hour. Poorly planned. Dummies
Down 2 days then up 2 weeks. Just like the previous large geopolitical situation
They should have occupied the palace, arrested erdogan and PM, took over national tv and radio. Dummies
Largest Japan banking leaving the BOJ is HUGE deal no one is talking about. Who's gonna now supply the liquidity of Japanese bonds now?
Big move. Yes. Bigger than trump? No way
Military doesn't like peace deal with Israel.
It's gonna boost Frexit chatter and elsewhere
BTMU said on Wednesday it will leave the 22-strong group of primary dealers on July 15, quitting a cabal that was established by the government in 2004 and gives members the opportunity to discuss the state of the market with the finance ministry before auctions of new JGBs.
Bank of Tokyo quits as primary dealer for Japanese government bonds
https://next.ft.com/content/36c3296c-48f4-11e6-b387-64ab0a67014c
The world is begging for change. Everyone sick of the political establishment everywhere (except Japan). Hitlery gonna get smashed in the debates. Too many skeletons trump can attack. Watch Monica get brought up in a debate
Haha. Thanks. I'm a political atheist but on record on calling Trump the next POTUS
Lol. He's gonna win too. That's even more shocking
Haha. Tomorrow will be a down day. Trump convention next week. Polls will be way up for trump and markets will be down.
Megaphone Top Chart Pattern. Tomorrow decision day?
http://schrts.co/7iTtm4
Megaphone Top Chart Pattern
What is it?
http://www.trending123.com/patterns/reverse_symmetrical_triangle.html
This is what I think we are experiencing in SPY right now. Very rare occurrence.
My SPY chart:
http://schrts.co/I5i5nY
Coming in september
287k vs 175k expected. Rate hike coming
Interesting that Cramer is going over charts from 2009
Silver skyrocketing. Above 19 on the way to 21.5+
China June PMIs fall to 4-month low
http://www.cnbc.com/2016/06/30/china-official-june-manufacturing-pmi-declines-slightly-from-may.html
Maybe this week was eu army rally? ATH coming? We'll see
EU Army?
Just Days After Brexit, EU Releases Plan For Further Expansion, An EU Army, AND Turkish Membership
http://www.breitbart.com/london/2016/06/29/european-leaders-release-plan-eu-army-turkish-membership/
https://www.rt.com/news/348927-eu-security-strategy-army/
http://www.wsj.com/articles/eu-pushes-broader-security-defense-cooperation-after-u-k-vote-1466982690
BOE’s Mark Carney Hints at Summer Rate Cut
http://www.wsj.com/articles/boes-mark-carney-hints-at-summer-rate-cut-1467299787
ECB Said to Weigh Looser QE Rules as Brexit Cuts Asset Pool
http://www.bloomberg.com/news/articles/2016-06-30/ecb-said-to-weigh-looser-qe-rules-as-brexit-depletes-asset-pool-iq2i1749
Time for ATH!!!!!! Weeeeeeeeeee. S&P revises European Union credit rating to 'AA' from 'AA+'
http://www.cnbc.com/2016/06/30/sp-revises-european-union-credit-rating-to-aa-from-aa.html
Jim Rogers on Brexit: 'Worse than any bear market you’ve seen in your lifetime'
http://finance.yahoo.com/news/jim-rogers-on-brexit---worse-than-any-bear-market-you-ve-seen-in-your-lifetime-154317566.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZAMxOHBuNzk5Ym4ybmdjBGcDZFhWcFpEeHVjejR5Tmpsa05EVXlaQzFqWlRneUxUTmtaall0WVdWbU5DMHlZMkprTjJFd09XRmhaams4Wm1sbGJHUStYbVJxYVE9PQRsYW5nA2VuLVVTBG9yaWdfbGFuZwNlbgRvcmlnX3JlZ2lvbgNVUwRwb3MDMgRyZWdpb24DVVMEc3ltYm9sA15ESkk-?.tsrc=applewf