It is the 20th of September 2019

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BofA Lashes Out At The Fed: "Take That Punch Bowl Away" Or Face A Crash

In a dramatic appeal for rationality at the Fed, Bank of America's global FX strategy team today released a note titled "take that punch bowl away", which laments that while central banks backtracked from their hawkish recent rhetoric this week, it warns that "they will be sorry if they allow bubbles" and predicts that vol will increase this fall adding that the bank remains "cautious and selective in EM FX, despite the Fed-triggered rally this week."

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"Buy All The Things" - Yellen's Dovish Flip Sparks Bid In Stocks, Bonds, Bullion, & Bitcoin

Did The Fed just step in to replace the Trump premium as Junior's email dashes hopes of tax breaks further? Timing is certainly interesting...

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