I bet you thought we were out from the woods? Well, think again, for the market is very much mired in the same woods that loomed dreadful post BREXIT vote.
The pound is getting hammered into dust, down to 31 yr lows.
Crude oil is getting Gartman’d, off by more than 3%.
And lastly, but most chiefly, the world is encumbered with plunging German yields, now at new lows. It’s worth noting a divergence between European periphery nations v German exists today. I’ll keep track of these annoying pests for you, rest assured.
All of these items are weighing on stocks this morning, with the DAX off by 1.7% and our beloved NASDAQ down by 35.
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