"The #BeliefSystem in central-market-planning...
"...continues to break-down as Global Growth Slows," Hedgeye CEO Keith McCullough wrote in his Early Look morning missive to subscribers.
In case you weren't already aware, he added ... Japan is the epicenter of all things “central-market-planning innovation.” Watch what's going on there very closely. The Nikkei was down (hard) again -1.3% overnight on a Yen move that did nothing – despite the Bank of Japan “buying” (every day into the close).
For the record, the crash in the Nikkei Composite Casino (from the 2015 top in the Global Equities bubble) is back to -21.5%.
This movie is going to get very interesting.