Deutsche Bank says late (US) summer is often a ‘difficult time’ for equities

A note conveyed via CNBC from Deutsche Bank, analysts there say the average run higher for VIX is highest in Q3 compared with any other quarter.

I wonder if the Bank of Japan doesn’t hike rate today if the SPX will snap back? I’d be a yes on that.

The latest chatter is a 15bp rate hike from the BoJ:

• BOJ to discuss hike to 0.25% – report
• Another Bank of Japan leak says 0.25% is under consideration
• Nikkei reiterates the worst kept secret. BOJ considering hike to 0.25%
• Forexlive Americas FX news wrap: Bank of Japan leaks the possibilty of 15 bps hike

Bank of America expect a hike:

• Bank of America expect a Bank of Japan rate hike today … see USD/JPY to (eventually) 145

This article was written by Eamonn Sheridan at www.forexlive.com.