It wouldn't surprise me to see the market struggle to move much higher from here, even if we do breach the all-time highs, until we get around to the next earnings seasons. @StateStreet $DJIA $SPX $NDX $VIX
Banks are leverage plays on the global economy. Anytime there's a sniff of contagion they will be weak. @rwbaird $JPM $BAC $WFC $DB etc. --- #Turkey #Lira
For some days, global markets have noted the Turkish lira’s plunge with more curiosity than concern, seemingly viewing it as Turkey’s problem and no one else’s. That seems to have changed. @seandcallow #Turkey #Lira #Erdogan $USDTRY
I don't expect any euro zone country bond yields to really suffer due to Turkey, but on the margin the countries in the euro zone with the highest bond yields would probably be the ones who could feel some minor impact. @Berenberg_Econ #Turkey #Lira #Eurozone $EURUSD $USDTRY
The price action is telling us that people don’t want to buy gold now. It’s in a downtrend, so that’s adding more weight to push it down further. @USFunds #Gold $XAUUSD $GC_F
