Now it gets interesting.
If you were looking for clarity on anything, today was most assuredly not your day.
It seems like Article 155 is next. As of now, it’s not entirely clear what all that would entail, but the bottom line is that this just moved one step further in the direction of becoming an actual crisis with spillover potential.
Oh, boy. Try to wrap your head around all of this.
Don’t worry about the orange man.
Come one, come all.
They didn’t like that title. Specifically, a representative from the Spanish government called it “[a] misrepresentation and is false.”
“Spanish police are ready to arrest Catalan President Carles Puigdemont immediately if he declares independence in the regional parliament.”
And it’s a good thing…
Or is this just another bump in that familiar road to new highs for global equities?
“On a purely emotional basis, I was torn between sell everything — hard to do in foreign exchange — and wondering anew whether news itself no longer has any meaning for investors.”
“If he loses support in parliament, there’s an outside chance that this could topple the government and create unexpected political risks.”
Ok, well it’s Sunday which means, barring Trump wandering into a nuclear war in the next several hours, tomorrow will be Monday. This week they’ll be a lot of talk about…
“We would characterize existing political risks as of the run-of-the-mill variety that investors always face and a far cry from the high-stakes political events of the past several quarters (events that markets navigated with aplomb.”