Is the debt crisis here again? – a question that got a clear answer yesterday!

As yesterday’s session evolved, European stocks suffered a major selloff which triggered a selloff in the U.S stocks as well, which caused the Bank stocks to drop anywhere from 2%-6.5% – major banks such as:
DB/J.P Morgan/BAC/GS/BK/Cetc…

 

New Tariffs On China

Just as things could not get any worse, the reports from Trump administration came out on the new tariffs on China –

Indices around the world dropped 1.5%-1.7% and this drop continues today in the Asian session that shows drops of 1.6%(Hong Kong) – 2.53%(Shanghai).

Italy 10-Year Bonds

Italy 10-Year bonds continue to be volatile and trade with concerns of the ability of Italy to meet their debt..- https://www.bloomberg.com/quote/GBTPGR10:IND

As of now, the Italian administration faces an “Interest Shock” as interest rates rose by 100% in the course of a month – worried?

DB

DB(Deutsche bank) – dropped 6.3% yesterday completing a drop of 41% since the beginning of 2018 and reminds investors concerns of 2008 when Lehman caused a chain reaction.

Dax30

Dax30 – seems very bearish and completes a drop of 650 points in a course of a week when next support levels show an unclear future for the German Index…

Gold

In times like this most investors turn to Gold(XAU), trying to see if it can provide the same protection as it did back in 2008 – something interesting is found when looking at the gold asset in a 20 years perspective scale…

Stay tuned – the best is yet to come…