Global equity markets rallied into the last day of the week, with euphoric sessions in Asia and Europe pushing U.S. equity futures through overnight highs and into new all time highs, amid a trader focus on today's quadruple witching and huge S&P rebalancing.
The BOJ surprised the market overnight with an announcement to further "stealth taper" its QE by trimming its buying of bonds due in more than 25 years by 10 billion yen to 50 billion yen, the bank's first reduction in the segment since July.
"The International Criminal Court is a noble ideal but a flawed institution. Far better to encourage nations to develop courts that are accountable to the victims and free from charges of selective enforcement or foreign intervention."
"...the farm seizures in South Africa aren’t just about dispossessing an unpopular, market dominant racial minority...It’s also a threat to South Africa’s incredibly fragile democracy... AND ALONG the lack of a broad-based middle class, you have a recipe for kleptocracy and starvation."