Will this be another "trifecta" ?
One, Two,..... Three?
You can see the equities markets reaction to the ECB laying an egg moments ago, and this is reflected in the sharp drop in the Euro.
- Why is this a 'surprise' or 'unexpected?'
The ECB said....in a word: nothing.
- Yesterday the FED said....in a word: nothing.
Take a look at yesterday's red line reflecting the price of gold and compare it to today's green line for the price of gold. See any comparison?
- Tomorrow we have the NFP (non-farm payroll) report. We already know what to expect, much as we already knew what to expect from Ben and Mario yesterday and today, yet the markets are somehow 'shocked, SHOCKED'.
I guess we'll have another completely 'unexpected' and 'surprise' day, eh?
- A perfect trifecta in the Kabuki theater of Central Banking/Central Planning [read: meaningless 'noise' full of sound and signifying nothing as Old Billy would say].
Merry Christmas 2024
2 hours ago
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