Early Monday Morning Market Looksy

Early Monday Morning Market Looksy

Ain't no shame in this game…and risk assets are tumbling early this morning in Europe. The dollar is a beast and ramping higher. Looking at a chart of the Euro Stoxx 50, note the support area at the 200 day moving average (blue line) that got violated to the...
One Chart To Sum It All Up

One Chart To Sum It All Up

The thing to remember about today's trade is that A) the world is interconnected by the banks and derivatives and B) that many more institutions and individuals these days own multiple asset classes.   Regarding point A, this means that the mortgage default...