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‘The World Is Getting Spooky’: Risk Assets Start New Week On Shaky Ground
Markets don't like uncertainty, and it would be difficult to conjure a macro scenario more fraught with uncertainty than the one traders and investors are facing in the new week.
The weekend brought a deluge of disconcerting news on the coronavirus front, and Bernie Sanders now looks to have a choke hold on the Democratic nomination.
With risk assets already on the back foot coming off a lackluster Friday session, the mood was predictably sour out of the gate, as US equity futures fell as much
I am not certain that painting Nouriel Roubini as a prophet of doom is quite correct.
While it is true that he has been bearish on equities through a significant portion of the recovery from the Great Recession his arguments were and are mostly plausible and well-reasoned.
His current economic views and projections are not far from the mainstream. Certainly he is far from alone in believing that equity valuations are dangerously stretched.
Nouriel has a reputation and he likes to perpetuate it. That’s all I’m saying.
Really inspired by the calming words out of the White House. Thankful we have a reality show TV host running the show as the sh*t starts to hit the fan. #MAGA