IIFT Daily Note with Peter Brown

Risk Off

Posted by:  |  Time: 7:26 am  |  Topic:
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Yet another conference and no solution or action. We are in serious risk off mood this morning. Euro is heading for 1.3000 and the S&P for 1100. Unless we see some serious intent to correct this crises i.e ECB policy change to lower interest rates and QE, we are going a lot lower than this. Gold and other commodities are getting killed. Stay away from these. Only tactic is to sell and mind the bounces on the Euro and equities.

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