In the previous 125 years of the Global economy, no two events overshadow the system fragility of the financial system as the economic woes of the 1920’s and 1930’s and the crisis of 2008.
Tepid response to yesterday’s rally turned negative this morning. Risk off in pre-market with /es -6.00. Asian markets mostly positive. European markets turned lower in anticipation of US open. 10 year yield at 2.318%, maintaining the-under 2.4% stance.
