by Cliff Wachtel, Global Markets
A market outlook for traders and investors in all global risk asset markets, focused on stocks and currencies
As we discussed in part 2 of our post on last week’s lessons for this week, the things that have really moved markets over the past months have been:
- Hopes for more stimulus
- Entrenched technical momentum
- Excessive complacency about EU risk
Sure, actual economic reports occasionally have had some influence. For example, last week’s weak EU GDP figures had some fleeting effect.
Therefore with the above in mind, note how most of the below market movers are variations on at least one of the above 3 types of top market moving events.