Previously, when previewing the next month's POMO days, we cautioned readers by saying that "Shorting Stocks On These POMO Days May Be Hazardous To Your Health." Courtesy of the BOJ ludicrous speed launch of its own version of POMO, which sees the combined global central bank authority raising the amount of monthly incremental liquidity to $160 billion, we are upgrading the cautionary language from "may" to "will."
Below are the May days when Kevin Henry will be injecting liquidity. Note that just like today, the second largest POMO day is once again reserved for the month end window-dressing day. Nothing escapes those Fed PhD traders. Curiously, and just like in the past, NFP day is POMO-free.
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Source: NYFed [5] [5]