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Breslow: “Can’t Help But Marvel At Key Day Reversals After Friday’s Face-Ripping Moves”
zerohedge.com / by Tyler Durden / Apr 10, 2017
We start the week with some market musings from one of our favorite cross-asset commentators, Bloomberg’s Richard Breslow who looks at the aftermath of last Friday’s “face-ripping” moves and says “you can’t help but marvel at the key-day reversals in one asset class after another — often a powerful sign of a new direction in prices” yet which provide no confidence to any traders for the simple reason that not even the Fed has any idea what is going on: “it doesn’t help that we’ve seen all of these levels before. Experienced all of the same emotional swings multiple times. Are leery of when the next pivot or misdirection from some Fed speaker is coming. Don’t you just love it when these great communicators say “some people misconstrued what I said last week?”
Are more face-rippers in store? With the inevitable arrival of the Fed’s balance sheet renormalization, which nobody has any idea how it will go, that’s virtually assured.
The post Breslow: “Can’t Help But Marvel At Key Day Reversals After Friday’s Face-Ripping Moves” appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/10/breslow-cant-help-but-marvel-at-key-day-reversals-after-fridays-face-ripping-moves/
