There have been some big moves in global markets that are difficult to explain

Bloomberg reports “It has been a busy period in markets across the globe, with trends (and trades) breaking down everywhere.” 1) the USD is weakening. 2) Euro sovereign debt is plunging, causing yields to rise. 3) “Asian stocks, which have been in a bull market for years, have been feeling the pressure, with the Shanghai Composite Index closing lower in the last couple of sessions.” 4) Oil has been rallying. 5) “Copper, long considered a bellwether for the global economy, has been surging higher recently.” What’s causing the volatility? Bloomberg reports that “plenty of analysts are pointing to the unwinding of consensus positions such as trades built around the expectation of continued deflation and quantitative easing in Europe. Others have highlighted more technical factors and illiquid markets that have amplified the moves.”


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