Yields breaking out. Equities topping. VIX near multi-decade lows, policy uncertainty near highs. If you think markets are fine, try borrowing a single CUSIP right now.

BOJ rate decision this week.💹

The bond market has decided for the BOJ, which is why it’s most likely they will hike rates and it would be a colossal mistake if they don’t.

More importantly, the BOJ is likely to pledge continued gradual rate hikes this week. This could trigger the carry trade unwind and cause havoc in equities.

Critical week ahead.

Broadening tops on major bourses.
Yields breaking out globally.
BOJ rate decision.
Gold warning.
Silver warning.
The Great Martis warning.

God bless and Godspeed.