Very weak data imply Fed will move soon

[Pascal]

The new GDP data is very weak.
Retailers are in the ropes.
Japan, Europe and China are "easing" and getting a competitive advantage.
US elections are around the corner.
The Deutsche Bank has difficulties.

Then the Fed will have an emergency meeting on Monday.

I do not believe that the Fed will raise rates. I think that the Fed knows earnings will be poor and wants to "pre-empt" the effect of poor earnings. Will it work? Since the market is all about the Fed, then we need to buy now and sell later.

Anyway, neither the emini nor the VIX show much stress.


Pascal