IIFT Daily Note with Peter Brown

Crazy moves

Posted by:  |  Time: 7:36 am  |  Topic:
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Crazy moves yesterday and overnight. However there is a theme running trought these markets. Politicians either in Europe or USA cannot get their act together and as such our risking a total meltdown. The good thing about this market is the sise of the moves. If you are using your stops, your losses should be a fraction of the winners.

The overall picture is that equity markets will get killed. Gold, Jpy and CHf will benefit. Forget Eur/Usd both these currencies have problems so the direction is impossible. Markets will be seriously choppy as we have seen. Remember the macro view and run the positions that co-inside with it. If you trade against the trend e.g. risk on, be carefull, one announcement like last night will kill you.

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