This coordinated central banking effort became obvious when Mario Draghi's unexpectedly hawkish speech earlier this week was followed by a flock of hawkish Fed speakers - including Yellen - all of whom warned that risk assets are overvalued, then the heads of the BOE and BOC, who also came out surprisingly hawkish and warned rates hikes are coming, and finally the conclusion of the ECB's forum in Sintra.

So get your stop watches out and keep your alert watch on the finance ministers for a signal that they will disrupt the markets, intentionally!

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