Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
“Get A Grip” One Trader Doesn’t Want You To Freak Out On Friday
Well, count former FX trader Richard Breslow among those who think you probably shouldn't worry too
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
Richard should keep in mind is the one truly scary thing about this is we now have Russian and US warplanes interacting in a fairly small airspace with no means of deconflicting them. The chance of a high stakes mistake are much higher.
Wasn’t Breslow, ,more or less, correct though? Futures reacted and then recovered (faster reaction functions?) in a somewhat mild manner.
NFP was way short, bring futures back down and market is currently flat. Doesn’t seem like strikes mattered that much, unless they presage more conflict with China re: North Korea.
PS – The US and Russia have been rubbing elbows in this small air space for some time. Doubt this development changes that one way or the other. High stakes have been in place.