According to experts, once the Lira breaks 7 to the dollar, capital calls for Turkey’s largest banks will take place, which should start a sequence of events that will culminate the end of days…once again.
Well, we’re there now and stocks don’t like it one bit.
Look at that shit — Dow Jones down a whole hundred and shit.
WTI is off 2.3% and ETH is off another 7.5% — because apparently all of Turkey is long ETH.
Market wise — there are pockets of strength in healthcare and tech. Go eat a sandwich.Twitter