I don’t expect much movement over the next two days as traders are now shifting into a holding pattern in anticipation of the Jackson Hole meeting this coming Friday. Both Janet Yellen and Mario Draghi are scheduled to deliver speeches that day, which could potentially roil markets on both sides of the Atlantic. Of course beyond a momentary excuse for spiking volatility nobody really cares about what Yellen has to say anymore at this point, as she’s basically turned into the central banker equivalent of your problem tenant repeatedly promising to drop by that overdue rent check but never actually doing it.
The old saying goes that can’t have your cake and eat it too. However that is exactly what the Federal Reserve is apparently attempting to accomplish at the moment, as chairwoman Yellen continues to assure that a rate hike is just around the corner, and this time it’ll absolutely be for real. Of course invariable by that date absolute economic perfection has yet to be achieved which naturally is why any meaningful hike in the federal funds rate continues to be looming just around the corner, in perpetuity.
It seems we once more have been spared from nuclear annihilation. Although if you somehow got clickbaited into any of the MSM shill pieces on North Korea then you’re probably reading this cowered below your bunkbed in your make shift nuclear bunker. I for one couldn’t be less worried, as years of consuming massive amounts of GM wheat beer has effectively rendered me impervious to any type of radiation. I don’t even use a flashlight at night anymore as certain body parts have started to emit an orange glow.
Alright you market mutants, it’s time to pay attention. There is a pretty good chance that we’re going to see a bonafide confirmed VIX [...]
Forget it, you will never be able to outrun a bear, no matter how fast (you think) you are. Bears have repeatedly been observed to not only achieve running speeds of about 35 mph but also maintain that pace for over two miles without as much as breaking a sweat. Compare that with the fastest human being on earth, Usain Bolt, who is able to reach a measly top speed of only 28 mph and that for about 100 meters plus minus. Lesson learned today: Never ever attempt to outrun a bear (or Usain Bolt), try to use your head instead.