HI Everybody,
Look at the chart of the Italian 2 years bond yield. Jumping from zero to 2.40% in matter of hours.
This give us a warning of what is in store for the world bond market.
One of the reasons that the Turkish stock market and the Turkish currency have been among the worst performers of 2018 is that Turkey companies so loaded up on debt in dollars that it now totals 40% of Turkish annual GDP.
We suddenly see problems rising everywhere:
The FDIC has now placed Deutsche Bank on the list of "problem" banks and when that goes, it will continue to keep undermining the confidence in Europe as a whole.
Huge Scandal in Spain
"Who Is Next?": Which Emerging Market Will Fall After Turkey
I think the ECB has once again has found a way momentarily to stabilize the market. I expect a w4 up in the EURO that should provide us a good shorting opportunity. As for the bond market, stay only in short term US bonds. When the crisis break loose Capital will flee to the US$ at the beginning and US Stock.
By the way One of the largest owner of US growth stock such as Amazon, Facebook and Google is...The SNB! (Swiss national bank)
HAPPY TRADE
Look at the chart of the Italian 2 years bond yield. Jumping from zero to 2.40% in matter of hours.
This give us a warning of what is in store for the world bond market.
One of the reasons that the Turkish stock market and the Turkish currency have been among the worst performers of 2018 is that Turkey companies so loaded up on debt in dollars that it now totals 40% of Turkish annual GDP.
We suddenly see problems rising everywhere:
The FDIC has now placed Deutsche Bank on the list of "problem" banks and when that goes, it will continue to keep undermining the confidence in Europe as a whole.
Huge Scandal in Spain
"Who Is Next?": Which Emerging Market Will Fall After Turkey
I think the ECB has once again has found a way momentarily to stabilize the market. I expect a w4 up in the EURO that should provide us a good shorting opportunity. As for the bond market, stay only in short term US bonds. When the crisis break loose Capital will flee to the US$ at the beginning and US Stock.
By the way One of the largest owner of US growth stock such as Amazon, Facebook and Google is...The SNB! (Swiss national bank)
HAPPY TRADE
t.me/WilliamBond