Froth Off The Top

"Take a little off the top". That's generally how market participants are thinking about last week's "slippage" in US equities. Only instead of being a barbershop allusion, it's more of a café reference. "Scrape a little froth off the top of this cappuccino, because this pile of foam is so high I can't get to the espresso". Or something. JPMorgan likens the Thursday-Friday selloff to the June 11th rout, in noting that the "sharp declines" helped "remove some of the previous froth in equity

Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.

Subscribe today

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2 thoughts on “Froth Off The Top

NEWSROOM crewneck & prints