To the Brink and Back

Stocks are out of the woods, temporarily.

082715correlation

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Stocks were highly correlated with Central Bank balance sheets at the May highs. Now they are highly negatively correlated with same.

082715yen

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Apparantly, Wall St. is counting on the Bank of Japan as savior.

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“October Falls in August this Year” Chris Carolan Aug. 16

The Solunar Model may not have pinpointed the timing of the turn, but it's call for a steep, October-like decline in August this year set it apart from the other seasonal models on Wall. St. 082315goldinvjpy

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Short dollar yen and long gold are virtually the same trade, and have been for a while.

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