The big move in the currency market this morning is not creating any headwinds for the stock market…at least not yet. However, since these moves will have an impact on the level of net liquidity in the system, we could/should see a big pickup in volatility soon.
Needless to say, the currency markets will not be the only focus this week…with the meat of the earnings season dead ahead, the Fed’s meeting this week, a possible announcement on the next Fed Chair, etc.
Remembering Bob Fiske.
