Macro Morning (stocks of blood)

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marketmorning

by Chris Becker

Not quite a bath of blood last night on northern hemisphere markets, but close enough as oil collapsed 6% dragging most US and European bourses down around 2% and USD strengthened once more as the King of Safe Havens.

First, in Europe “fears” (love that word) of a contagion following a “Grexit” sent bourses into the red swiftly, the German DAX30 down 3%, the FTSE off 2% and looking like heading for the pre-Xmas and October 2014 support lows:

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