IIFT Daily Note with Peter Brown

Bearish mood building

Posted by:  |  Time: 6:56 am  |  Topic:
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Big market selloff last night on fears of the Europe impact on US banks. Despite ECB’s bond buying yields are not improving. No sign of the change of heart required for QE. Treaty change as a solution building favour from the core countries. All these are long term solutions and will not help the maket short term.

Still a sell on any bounces, and watch out for increased bearishness.

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