FOR TUESDAY: (9/20) Not expecting a lot of action on Tuesday but stocks and the dollar point lower one more day and gold higher one more day. At the moment, our bias is thinking that stocks will go higher on Wednesday and Thursday and the dollar will recover and gold will go lower into Thursday. That suggests no hike but maybe a nod for one for sure in December. We also have Bank of Japan on Wednesday and then Draghi on Thursday so more fun and games coming. Continued coilings are starting to drive everyone crazy.
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