Brief Economic and Market Update

I was so busy yesterday, I didn’t get a chance to report that having put funds into the long Japanese yen trade just two days earlier with FXY, I closed the trade out with the tiniest of profits when the U.S. stock market continued to look unstoppable for the nonce, and the correlation between U.S. [...]

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Wall Street Relocates To Pamplona

The bulls are running as fast on the Street as they have ever run in Pamplona.  Nowadays, bad news has always been priced in but good news, even hints of good news, has not.  Thus it’s the opposite of early 2009.  As I think I noted almost four years ago in my blog, a sign [...]

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