IIFT Daily Note with Peter Brown

Risk Off again

Posted by:  |  Time: 7:10 am  |  Topic:
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Up down, Up down. Looks like risk off to start this morning. Soc Gen got downgraded. Surely the Chairmen of these banks are pressing for a resolution to the Greek situation at least. Maybe this weekend!

Euro looks capped at 1.37 level and the S&P at 1170.

Sell rallies is the play and wait for the breakout. Greek default will initially bounce the market.

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