The Wild Card Is Back

Published by
ValueWalk

S&P 500 rose, once again driven by tech and not value. That‘s still defensive, mirroring the weak credit markets posture. While waiting for bonds to turn – not that there wouldn‘t be an optimistic HYG open yesterday – the Austria and Gibraltar lockdown news sent markets into a tailspin, the fear being good part of Europe would follow suit rather sooner than later. Oil has taken the crown of panicked selling, stocks held up better, and precious metals weren‘t changed much. Q3 2021 hedge fund letters, conferences and more Sure, any crippling of European economic activity would take a toll at the…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *