A Taste of The Future
The pop higher on long term interest rates this morning is a look at what will happen at some point going forward. Japan’s attempt to mimic our FED seems to be a little shaky and markets are suffering this morning.
Is this the start of the big swoon or just a little warning. No one knows because the world economy is held in one man’s hand, not the markets. Will Ben step to the plate or hide. Odds are that he will step up and say something, but maybe he will not, that is why that with the risks pointing to lower markets we have been and remain negative on stocks.