Swan Lake – June 27

The Global Macro Monitor defines “macro swan” as any global macroeconomic or financial event with the capacity to spill over into world markets causing risk aversion and lower asset prices.  – GMM

Risk markets finally starting to take the trade wars serious as S&P breaks through key support levels.

European periphery relatively quiet though banks continue to wilt.  Deutsche Bank traded with an eight handle today.   WATCH THIS SPACE!

LatAm EM weaker.   China’s RMB continues to weaken and now down almost 5 percent since May.



This entry was posted in Black Swan Watch, Uncategorized and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.