Reaction to Yellen speech was interesting. Possibly the most telegraphed rate rise in history and still the market reacts to what we already know (or think we know). Lambs to the slaughter. If they don't raise I expect an epic whipsaw effect on Pm's. Maybe its the Barossa Shiraz but I cannot fathom these markets - something is seriously rotten in Denmark. It just doesn't pass the sniff test.
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