NERVOUSNESS ENTERING THE MARKETS ON CENTRAL BANK GUIDANCE
Friday (06-23-17) saw a surge back into FANG stocks (retracing 75% of the Tech-Wreck drop).
However, the slightly broader FANTASIA (FB, AMZN, NFLX, TSLA, GOOGL, CRM, INTL, AAPL) started to roll over after tagging the Fib 61.8% retracement of the tech wreck
What is going on?
It appears not - this week saw G-3 Central Bank Balance Sheets drop the most in 2017...
The fed will be shrinking at $20-50bn a month going forward, will The ECB or BOJ step up and increase their buying to keep the dream alive?