We are witnessing a historic moment.
DB's Jim Reid concludes the overnight wrap
When you’ve worked through the Asian crisis, the Russian/LTCM crisis, the 2000 equity bubble collapsing, the GFC, the European sovereign crisis, and several other smaller wobbles it takes a lot to stun you in financial markets. However the weekend news-flow and overnight price action in oil - just at a time a beaten up market could have done without it - has done that and deserves its own place in the history books....Something to tell the grandchildren about and proudly say you were present.
ZH summarizes.
Zero Hedge
Dual Coronavirus, Oil Shocks Crash World Markets, 10Y Yield Craters, Futures Pinned Limit Down
Tyler Durden
1 comment:
“Price Stability!” LOL!!!!
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