Here comes Chief Goon Powell. The day revolves around him. Thus this brief post to help you kill the time.
Again, all the fun begins at 2:00 pm EST. As we discussed yesterday, I fully expect a 25 basis point fed funds rate hike followed by a set of fedlines that suddenly seem "dovish" and "cautionary".
How will this impact CDG and CDS? How will this impact the bond market and the POSX? Most importantly for Chief Goon Powell, how will this impact the "stock market"?
We've stated for weeks that we expect a year end and Q1 rally in the Comex precious metals so...