Citi’s Tom Fitzpatrick Says Over Promise in Spain Means You Need to Sit the Fuck Down and Prepare for Turbulence

Fitzpatrick warns:

“Our sense when we look across our charts is this is yet another over-promise, under-deliver dynamic coming out of Europe,” he said.  “Overall, everything we look at suggests to us that things are going to get worse in Europe before they get better.”

He sees problems sweeping across the global financial markets…”

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Major US US Futures Europe Asia Commodities 2yr Euro Yields 10yr Euro Yields Oil
  • DOW 15,387.60 0.34%
  • NASDAQ 3,502.12 0.16%
  • S&P 500 1,669.16 0.17%
  • VIX 13.37 2.69%
  • SPX 500 (CFD) 1,667.30 -0.11%
  • DOW (CFD) 15,374.00 -0.09%
  • NASDAQ 100 3,022.70 -0.12%
  • EURUSD 1.292 0.11%
  • UK 6,803.30 0.71%
  • GERMANY 8,471.00 0.19%
  • FRANCE 4,035.50 0.33%
  • SPAIN 8,468.50 -0.60%
  • H. KONG 23,381.00 0.00%
  • JAPAN 15,561.50 1.17%
  • KOREA 1,992.28 0.56%
  • SHANGHAI 2,307.51 0.10%
  • NAT GAS 4.20 0.12%
  • GOLD 1,376.60 -0.07%
  • SILVER 22.50 0.25%
  • COPPER 3.35 0.24%
  • FRANCE 2YR 0.19 -10.90%
  • GERMAN 2YR 0.01 240.00%
  • ITALIAN 2YR 2.18 27.59%
  • SPAIN 2YR 2.81 8.21%
  • FRANCE 10YR 1.90 1.22%
  • GERMAN 10YR 1.39 1.09%
  • ITALIAN 10YR 3.92 0.69%
  • SPAIN 10YR 4.19 -0.38%
  • WTI 95.77 -0.43%
  • BRENT 103.67 -0.23%
  • WTI/BRENT 7.90
  • 321 CR SPR 21.96 10.04%