The real challenge today will be to step back and assess the risk factors in an environment where risk has taken a back seat to return – until the last few days. Bond yields are falling in the U.S. (with the 10 year back to 2.44%), equity prices are weak, a series of economic reports are comprising the bulls view of the outlook (and some argue if European companies are worried about the Ukrainian/Russian threat, how will American companies fare given about 40% of S&P 500 profits come from outside of the United States). It is important to remember that as markets go down, the news gets worse!
Filed in: International
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