Whither the common currency…
Anyone home out there?
As usual, the docket is full and the risks are multiplying.
Fasten your seatbelts.
In a testament to the fact that, contrary to what Mario Draghi said in Washington last weekend, investors do not in fact believe that stocks can go down as well as up, there’s a mad scramble on Thursday morning to explain what’s going on.
Now it gets interesting.
Oh, boy. Try to wrap your head around all of this.
Yes, “very gradually.” Or preferably “not at all.” But like the Fed, they’re going take some baby steps and see how things go.
Don’t worry about the orange man.
Come one, come all.
“When asked their worst trades this year, they mostly cited buying volatility, credit protection, or equity puts.”
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…