Apart from the social unrest in Hong Kong and the political uncertainty regarding who will be the next president in Argentina, investors have gotten some more bad news today. From Germany investor sentiment tanked way more than expected, which does not paint a nice picture of the performance of the euro area biggest economy in the present quarter, especially after the contraction predicted for the second quarter.
Photo by Alex Bierwagen.
In whichever way you look at it, things are not looking good for the Bulls in the coming weeks. The FED may not even be the salvation, given that the consumer price index rose more than anticipated, reducing the central bank room to cut rates faster, even with Trump’s demand.
