Following broadly-shared but contained losses across Asian bourses overnight, major asset classes assumed a cautious tone after European market centers opened earlier this morning, trading sideways to slightly down.
Then ater the NY open at 0800ET, risk aversion kicked in more aggressively, escalating around 0930ET with the 10-Year Note and Gold bid as stocks tumbled and in-flows picked for the Japanese Yen.
Here’s a snapshot of how things are evolving/devolving just before 1000ET:
Twitter: @andrewunknown and @seeitmarket
Author holds no exposure to instruments mentioned at the time of publication. Commentary provided is for educational purposes only and in no way constitutes trading or investment advice.
