Market Talk – August 26th, 2016

by Martin Armstrong
Armstrong Economics

Ahead of Jackson Hole a mixed response in Asia with a choppy day for the Nikkei. Initially, the Nikkei saw a sell-off then an attempted rally just after lunch but that was to fizzle-out eventually closing down 1.1%. The JPY remained in a tight range and continues to play with the par level. There remains a lot of speculation that we will hear more from the BOJ soon so best keep an eye on Monthly closes next week for future path. Shanghai and the Hang Seng both failed with attempted rallies and closed higher but way off intraday highs. Everyone is waiting for this afternoons news directly from Janet Yellen.

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