Heads up, it is ugly out there folks.
If you’re just checking your screens, the mood is risk-off across the board.
Have a look at Europe, where the terror attack in Spain added fuel to the fire that started on Thursday, when the Cohn resignation rumor drug European shares lower into the close:
Same thing in Asia for the most part. It’s all red.
Here’s Bloomberg:
The MSCI Asia Pacific Index lost 0.5 percent to 159.04 as of 4:36 p.m. in Hong Kong, set to decline for the first day this week. About three shares retreated for each one that gained, with financial and technology sub-gauges leading the drop. Indexes slid across the region, with Japan’s Topix Index marking its worst weekly performance since June as the yen strengthened, while Singapore’s benchmark was poised for its longest stretch of weekly losses in more than a year.
Now have a look at the yen and gold and USDCHF:
Incidentally, gold is at a YTD high:
Come on in dip-buyers – the water’s warm…
