The focus now is on the most important event not from America but from Japan, which could be the spark for a market correction.
If the Bank of Japan decides to raise interest rates as expected by 50-70 points, it will be catastrophic for the markets, especially the American ones.
The reason is!
There has been massive borrowing from Americans over the past years because interest rates on loans are low, and they are injecting it into the American market with high interest rates.
Raising interest rates for the Bank of Japan at this level has not happened in years and will pull liquidity from America to their markets.
Waiting for the Bank of Japan's announcement..
