The Yen Drives the Bus

For a few minutes today immediately after the FED announcement, dollar yen and eMini futures moved in different directions. But at the end of the day, the two markets were back in sync. And the important feature here is that stocks are following the yen.

091715dollardrives

click chart to enlarge

Subscribe to see the rest of this post.

To the Brink and Back

Stocks are out of the woods, temporarily.

082715correlation

click chart to enlarge

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

082715yen

click chart to enlarge

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

Subscribe to see the rest of this post.