Japan Raises Rates to Highest Level Since Bubble Pop
The Bank of Japan has lifted the base rate to its highest level in 31 years, but is keeping its eye on business-to-business price hikes.
The Bank of Japan has lifted the base rate to its highest level in 31 years, but is keeping its eye on business-to-business price hikes.
As the action narrows, I’m continuing to raise cash.
Investors are expecting a more dovish Fed, but the market strength is narrow.
While the overall sentiment was bearish, not all members feel that way.
Several key sectors broke higher only to finish near session lows, creating potential false breakouts that traders are now watching closely for signs of a reversal.
The market had a good day on Iran news, but the action was uneven.
As an Iran deal has landed (for real this time?) and SpaceX has taken off to a wild valuation, here’s my take on the market now.
Lows on bond yields and highs on equities will dissipate as the day goes on.
Stocks in Asia and Europe get boost as markets appear to believe the Iran peace agreement. Also, let’s check the S&P’s chart and the week ahead.
The market is celebrating the much-anticipated deal, but major obstacles are looming.