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Yellen’s Chance to Crap Up Your Weekend

by Rick Ackerman

Friday could be challenging, since Her Nibs, Fed obfuscator-in-chief Janet Yellen, will be giving a speech on Sunday morning. According to a press release, she “will join People’s Bank of China Governor Zhou Xiaochuan, Bank of Japan Governor Haruhiko Kuroda, and European Central Bank Vice-President Vitor Constancio to speak on ‘The Global Economy: Prospects for Broad-Based Growth’ at the 32nd Annual G30 International Banking Seminar in Washington, with audience Q&A.” Nothing Yellen says, even a standard-issue rubber-chicken speech, is ever treated as a non-event, so don’t be surprised if stocks are preternaturally subdued on Friday in anticipation of this momentous event. We might even look for some nutty histrionics just ahead of the closing bell as traders place their bets.

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