Markets: Four Charts You Need to See
Late last week we pointed to Italy as the next forward catalyst; true to form that's the reason being assigned to yesterday's downside rhyme. To be sure the global financial machination is a multi-linear dynamic. The causa proxima as my brother Jeff Saut likes to say was a confluence of concerns ranging from "the Italian election to a collapsing euro to sequestration dysfunctional government etc." Truth be told it doesn't really matter; just as the bulls were loath to credit the government hand for the rising tide that lifted all asset classes the bears need not justify downside causation. ...
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