Yes... Bernanke and ilk in body bags.
ECB is focused on inflation... what a novel idea for Central Bankers.
Translation: no cuts pending by ECB or BOE
Resolution: US Fed cannot keep cutting while rest of world (sensibly) holds pat or raises.
Bottom line: dovish bulls leveraging indexes upward since 8/19 just took a cattle prod up the south end, full voltage switched on.
Kiss goodbye rate-cut pipe dreams for 10/31. How does the broad market feel about that? Take a look at your charts... it is being explained to all bias bulls in scientific, mathematical fashion.
