Back to Plan A

With the narrative so egregiously inconsistent with reality, even central bankers are having a hard time maintaining a straight face while propping up oil.  And, the credibility ship sailed a long time ago for these guys.

With CL going sideways overnight (the equivalent of a disaster in any other security), it’s back to propping up stocks with a good old fashioned USDJPY ramp.  It was good for 12 points on the eminis overnight.2016-04-20 ES 5 0615 2016-04-20 USDJPY 60 06152016-04-20 CL v ES 60 0615

continued for members…


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password