On Wednesday we get to find out if the BOJ will cut rates again, cease buying equity ETFs, or maybe even up the level of stimulus currently afforded. Truly, this is a meeting that will move markets, for Kuroda is a weapon of mystery and deception.
It’s widely expected that the BOJ will continue asset purchases, but perhaps halt (extra nazi) their ETFs fuckery.
On the Fed side, I fully expect them to do nothing, but talk EXTREME shit in their statement. Don’t worry, everything they say in their statement will be a lie, forged to make them look tough–like dorky high schoolers walking around with wife beaters and no muscles. No one is scared of them. Markets might get sold down, but I wouldn’t trade the tape unless they actually hiked.
Futures are flat in Germany and +30 here. If I were you (thank God I am not), I’d start hedging my portfolio with bonds and gold now, ahead of what might become an eventful week in trading.
If you enjoy the content at iBankCoin, please follow us on Twitter
In the news today:
AAPL invented a refrigerator with a tanning booth in it
Only a gay CEO could think up that one
Yellen is out to mess up Turkey Gods and grinch the Santa rally, all to keep things calm to the election.
She likely raises in December, kills the Christmas rally.
Then raises again in early 2017.
Market could drop 10% in Q1 2017.