I forgot to mention China, the last time they skipped 3 reverse repos in a row is about the time the market went lateral for those 2.5 trading weeks, therre were a lot of signs the market didn't like that and it just happened again Thursday so we'll see what they do moving forward, but it really seems the market doesn't like it and the smaller banks in China may end up in some real liquidity trouble.
Also, while I was posting the Week Ahead, something happened to the Yen (up) and all of the carry pairs are getting crushed right now. It "may" not be the open I had imagined late Friday.
5 years ago
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