Gimme All Your Lovin’
So out of the blue some rumor hit at about 12:30pm Eastern suggesting that the ECB was about to prepare a broad based QE package for the January meeting. Which instantly resulted in this over in equities:
Oh sorry – my mistake – here we go:
Nice little schwing – someone must have been really happy to see good ole’ Draghi. Not sure why exactly the EUR/USD also popped higher on QE rumors but I have long given up on trying to make sense of it all.
Now given all that I would like nothing more than to kick this thing into overdrive and collect a mountain of ill-gotten gains all the way into X-Mas and beyond. However, we can’t afford to get caught up in all the excitement as there are signs of trouble on the horizon. Please step into my lair:
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