Just What We Needed

So far, the bounce is going pretty much as expected.  VIX continues to tumble, USDJPY continues to rebound, and CL continues to sell off.  About the only surprise so far is that traders seem to have taken Dudley’s nonsensical hawkishness to heart.

Given the hesitation USDJPY initially showed in reversing, however, it’s just what the doctor ordered and has left our rebound right on track.continued for members


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