(1) Is the Fed coming or going? (2) Stress tests for ECB and BOJ. (3) Is bad economic news bad or good news? (4) Competitive devaluation is an issue. (5) Dudley sees first rate hike in mid-2015, or not. (6) Stocks and bonds. Mars and Venus. (7) Draghi and Kuroda are less confident. (8) IMF’s concern about global growth depresses stocks. (9) FOMC’s concern about global growth boosts stocks. (10) Time to go fishing for the rest of the year, or until mid-term elections.
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