The DAX is lower by 0.93% and the FTSE is down 0.63%. The first place loser goes to the Italians, meatballing all the way down by 1.15%.
Naturally, crude is lower by 2.55%, relegating the rest of risk assets to its leash.
Portugese-German bond spreads are widening again, by 2%, to 323bps. Gold and bonds are both higher, inexorably, as the riskless nomadic tribes sweep across the market.
The yen is flying higher v the dollar, up 0.75%.
Over here in the states, NASDAQ futures are down by 42.
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my VRX 69 buy is 77 12 hrs later
2 and 20 follies…
Based on preliminary data for performance in December for hedge funds in the Barclay database, the S&P 500 Index out-performed the return on the average hedge fund last year by 1.36% to 0.42% (subject to further minor revisions). That marked the 7th straight year, and the 10th year out of the last 13 years, that the return on the S&P 500 was greater than the return on the average hedge fund.