S&P 500

Now that we've entered the final month of trading for 2016, it's time for Goldman economist David Kostin to opine on what will happen in 2017 (mind you we still don't know for certain if the Fed will hike or not this month, although it does appear fairly certain they will.) Following a tough 2016 that has beaten analysts down to the point of losing their minds, Kostin believes 2017 will see the S&P 500 reaching 2400 in Q1 before fading out to 2300. He still believes Op EPS growth will be 10%. The breakdown of his outlook comes in two parts, Hope and Fear.

Only one thing for today really...

Submitted by Lance Roberts via RealInvestmentAdvice.com,

In this past weekend’s missive, I stated:

Back in April, we commiserated with BBG ex-trader and commentator, Richard Breslow, who when looking at the ongoing events in markets, had a near nervous breakdown. For those who missed it, here are the key excerpts:

Is the Bank of Japan is trying to crash the markets?

This is not conspiracy theory. In the last month the BoJ has devalued the Yen 14% against the $USD.

By any other measure this is a crash as far as currencies go. And it could lead to MAJOR issues for the financial system.

The last time the BoJ collapsed the Yen this aggressively the ENTIRE commodity markets imploded collapsing over 40%. Oil ended up collapsing from $60 to sub $48 in a matter of weeks.