Problems, problems, problems. Oil rebounded nicely though the quarter end, but is creating inflation problems. USDJPY also rallied, but a cheaper yen is not what the Japanese need right now. After 3 tags of a long-term channel way below its averages over the past few years, VIX has dipped below it 18 times in the past 67 sessions. People are starting to talk.
Fed presidents, perennially optimistic about the economy, are talking up the possibility of up to three more rate hikes in 2017 — not exactly good news for a nation already maxed out on its credit cards with equities at all-time highs.
Is there an easy way out?
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