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Sequestration On, Risk Off

By Tyler Durden
Created 02/28/2013 - 15:20
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 02/28/2013 15:20 -0500



 

The push higher in stocks today peaked as the voting began and now as we receive the 'shocking news' that:

  • Senate Lacks Votes to Advance Democratic Sequestration Plan

We see the equity market fading fast - reverting to VWAP first of course. Whocouldanode? What happens next is anyone's guess but FX and bonds sure aren't buying it.

 

[2]

 

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Source URL: http://www.zerohedge.com/news/2013-02-28/sequestration-risk

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