Black Every Day?

Yep yellen speaking soon and the markets are worried that she might raise rates for the second time in 10 yearsssssss, yes you heard right, 10 years....you can tell how weak the economy really is because if a second .25% raise in rates is being questioned you just have to understand how close we must be to a spiraling downward recession.... What a fu$king joke this market is ....everyone knows the fed isn't moving in September. If the markets are crying over a .25% rate increase what does that tell you?
 
I smell

millions-overlay-tease.jpg
 
Brainard speech in Chicago imminent. Since this is the last speech before the actual meeting, it carries weight and the next hour could be volatile.

I maintain there is close to zero chance of a September rate hike, and maintain there is a near certainty of a December one, with a non-zero probability (in my mind) of a .50 basis hike in December.

https://www.federalreserve.gov/whatsnext.htm
 
Note that VIX has not budged much in spite of a strong rally in SPX and the VIX futures forward curve is sloping upwards.
 
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