The market continues to gingerly ignore the accelerating currency devaluation in China, where the yuan is headed for a record eight weeks of declines. Italian bond yields spike ahead of an important meeting and payrolls are on deck.
After The Bank of Japan sparked a short-term meltdown in global bond markets earlier in the week when it shifted its curve control policy, Nikkei is reporting that Bank of Japan will discuss allocation change in next policy meeting. USDJPY and NKY Futs are down...
The announced meeting between Trump and Putin has already produced a good result by revealing the hypocrisy of the media and politicians. The meeting has been branded as the greatest danger to humanity, according to the Western globalist elite, because of the danger that "peace could break out between Russia and the United States".
"The combination of macro trends, liquidity risks and stretched equity valuations/margin expectations for 2019 should lead to a continued rocky road with higher volatility and a negative tilt for risky assets..."