“Keep An Eye On Gold” – Trader Sees Market Screaming “Gimme A Break Already”
by Tyler Durden
ZeroHedge.com
Mon, 08/20/2018
Markets are screaming “gimme a break already,” according to former fund manager and FX trader Richard Breslow, who notes that with Turkey on an extended summer holiday and Chinese equities getting a late-day boost from their friends, there has been little appetite for angst.
Breslow suggests “we should try it on for size and enjoy it while it lasts.”
Via Bloomberg,
It has been a very interesting start to a week that should be dead. It feels alive and well. In a world with so much ugliness and boorish behavior it would seem that traders have started the week open to, perhaps needing, things to be calmer and more civilized. I guess no news is good news when the alternative is to be surrounded by loose cannons.
Later this week we will get the minutes from the last FOMC and ECB meetings. And of course, at the end of the week there is Jackson Hole. There is, and will be, no shortage of speculation about what will be said. Or the issues analysts would like to see addressed. The authorities would serve themselves and everyone else best by saying as little as possible. Given the clear messages we got after the recent meetings and the lack of groundbreaking hard data since then, beating a dead horse will serve little purpose. It’s fine to admit everything isn’t on auto-pilot.
The Rest…HERE
