VIX Flirts With 15 MARKET SUMMARY U.S. markets showed strength on Monday’s open but reversed course shortly afterwards following the ongoing economic crisis in Turkey, which has seen its currency slip against other world markets. Despite the weakness in the Turkish lira, the U.S. banking exposure remains small although Financials were weak for a 3rd-straight session.There was little else...
Continue reading >>VIX Flirts With 15 MARKET SUMMARY U.S. markets showed strength on Monday’s open but reversed course shortly afterwards following the ongoing economic crisis in Turkey, which has seen its currency slip against other world markets. Despite the weakness in the Turkish lira, the U.S. banking exposure remains small although Financials were weak for a 3rd-straight session.There was little else...
Continue reading >>VIX Flirts With 15 MARKET SUMMARY U.S. markets showed strength on Monday’s open but reversed course shortly afterwards following the ongoing economic crisis in Turkey, which has seen its currency slip against other world markets. Despite the weakness in the Turkish lira, the U.S. banking exposure remains small although Financials were weak for a 3rd-straight session.There was little else...
Continue reading >>VIX Spikes/ Holds Resistance MARKET SUMMARY U.S. markets ended the week on a sour note despite a report showing Q2 GDP grew at its best quarterly pace since mid-2014 and the third fastest quarterly rate since 2008. The 4.1% growth rate was impressive but missed forecasts of a 4.2% clip, and below whisper rumors for a print north of 5%.The sell-the-news event picked up downside momentum by the...
Continue reading >>VIX Spikes/ Holds Resistance MARKET SUMMARY U.S. markets ended the week on a sour note despite a report showing Q2 GDP grew at its best quarterly pace since mid-2014 and the third fastest quarterly rate since 2008. The 4.1% growth rate was impressive but missed forecasts of a 4.2% clip, and below whisper rumors for a print north of 5%.The sell-the-news event picked up downside momentum by the...
Continue reading >>VIX Spikes/ Holds Resistance MARKET SUMMARY U.S. markets ended the week on a sour note despite a report showing Q2 GDP grew at its best quarterly pace since mid-2014 and the third fastest quarterly rate since 2008. The 4.1% growth rate was impressive but missed forecasts of a 4.2% clip, and below whisper rumors for a print north of 5%.The sell-the-news event picked up downside momentum by the...
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