IIFT Daily Note with Peter Brown

Slow Friday?

Posted by:  |  Time: 7:09 am  |  Topic:
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Bond buying by the ECB slowed the market yesterday. Great gap close on the S&P. As said on Fotrexlive the market is very short Euro. This is why it is not falling fast.

Waiting on Merket to come up with a plan to save the Eurozone, Italian bond yields the key. Below 7% the market will be fairly calm. Above we will get the volatility. Still sell on bounces unless the Euro breaks 1.3680 then the correction could be to 1.3860

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