Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
UPDATE: A little early to call yet but Fed’s Rosengren quoted in FT “QE will end in October unless something dramatic happens” has knocked USDJPY and S&P lower…
More incoherent chatter from Japan about raising Japan’s GPIF allocation to “more than 20%, or around 25%” on the basis of Prime Minister Shinzo Abe’s ‘expert views’ have sent USDJPY higher out of the gate and thus S&P 500 futures are tracking – just as they did Friday afternoon – higher. Treasury futures prices are 6 ticks lower (+2.5bps yield) – retraced all the bond-short capitulation gains from Wednesday. S&P futures are 9pts higher – retracing 50% of last week’s losses.
This…
- *ABE’S VIEWS TO BE FACTOR IN GPIF ASSET REVIEW TIMING: SHIOZAKI
- *JAPAN GPIF MAY RAISE STOCK ALLOCATION TO MORE THAN 20%: NIKKEI
- *JAPAN GPIF TO BOOST STOCK ALLOCATION TO ABOUT 25%: NIKKEI
Did this…
Which means this…
Dead cat bounce (as the majors track back down to Russell 2000 weakness on Friday)… or new new highs?
Charts: Bloomberg