excerpted from Jack Crooks (Black Swan publication)
Too Far, Too Fast for A Highly Connected Market?
The World Bank says contraction will be greater than expected; the global economy will slow by 2.9% rather than 1.7%.
Enter risk aversion. The gloomier-than-expected forecast spooked markets yesterday. Most notably, the commodities got hit. Crude was down; gold was down; copper was down. There was no love for stocks either.
Too Far, Too Fast for A Highly Connected Market?
The World Bank says contraction will be greater than expected; the global economy will slow by 2.9% rather than 1.7%.
Enter risk aversion. The gloomier-than-expected forecast spooked markets yesterday. Most notably, the commodities got hit. Crude was down; gold was down; copper was down. There was no love for stocks either.