It’s been a huge week of data. The announcement that many were looking for to get some volatility in the US Dollar produced little (Wednesday’s FOMC announcement); and the announcement that many were afraid of actually brought no additional information but produced some outsized moves anyways (the Bank of Japan’s hold to policy at their Thursday meeting), and the data point that many already had low expectations for came in even lower than feared (US GDP). Add to that a dizzying set of corporate earnings with a strong frame of fear coming out of Apple’s earnings highlighting the risk of ‘macro headwinds’ while both ... (full story)