Corona-led panic across credit and currency markets

Commenting on panic across credit and currency markets and today’s trading Gorilla Trades strategist Ken Berman said:Q4 2019 hedge fund letters, conferences and moreFriday’s session was a major blow to bulls who were counting on an oversold rally, even as the large-cap benchmarks closed slightly above their weekly lows.While on Thursday, a lot of participants thought that the selloff might have ended, at least from a short-term perspective, Friday’s intraday reversal was ugly, with especially the Nasdaq’s late-day weakness spelling trouble for bulls.The major indices all finished lower followi…

Read More