May 20, 2015
Fed minutes today!
-have to be more dovish, as Yellen Reversal approaches
-commodities crashing anew (base metals down 10% in last two days)
-CRB index approaching March 2015 (and late 2008) lows, even with oil up $16!
-dollar surging (commodities plunging)
-ECB essentially increased QE yesterday, and PBOC started theirs
-horrible economic data, starting with 1Q GDP and now 2Q looking horrible (and way above "consensus")
-need to give "guidance" for June meeting, with all these horrible factors occurring
-not to mention, the continued "tectonic market shifts" - as rates continue to rise, and it appears, as I suggested, to be due to Chinese Treasury selling (very ominous)
-Grexit potentially by early June, as extention (and cash) run out