Short sellers wait with baited breath to see what the Bank of Japan (Tuesday) and U.S. Fed (Wednesday) will say this week. 35 out of 40 economists expect the BOJ to keep policy unchanged. The Fed is expected to keep rates unchanged, with a possible tightening hint for June.
One year Treasury yields (red) have been bullshitted back near December levels which is when the stock market last peaked. In other words Fed blowhards are just following the stock market around like a bunch of idiots...
The People's Bank of China met this weekend and announced that at 5.4%, factory output is growing at the slowest level since November 2008, however they also announced that no new stimulus is warranted. Gamblers breathed a sigh of relief that they're done "supporting" the stock market...
As we know, the ECB went ALL IN on Thursday with its "Bazooka" water pistol...blue arrow is the last time they bazooka'd the market. Current price is right at the neckline...
FYI, here is the Japanese Nikkei with European Stoxx. If you can tell them apart, good on ya, mate...
