On the heels of a critical “catalyst” day for those begging for more central-market-planning #cowbell, the stock market reaction to Mario Draghi’s latest ideas on devaluing The Euro and extending negative rate policy… was negative.
Yep, it was a Quad 4 Day, indeed. As a back-tested reminder on what happens in Quad 4 from a USD vs. US Equity market perspective:
A) The US Dollar has its highest expected value in Quad 4 (see Chart of The Day)