Comparisons To 1987 Are Multiplying By Benjamin Picton, Senior Macro Strategist at Rabobank Political Pickers Equity markets closed broadly higher yesterday and bond yields rose to retrace some of the falls over two days of financial bloodletting induced by a lacklustre jobs report and the unwinding of speculative Yen carry trades. The S&P500 added 1.04%, the NASDAQ 1.03% and the Nikkei went limit-up to rise 10.23% after triggering circuit breakers on its way to a 12.40% loss the day before. Europe missed out, with the EuroStoxx 50 and the DAX little changed, the FTSE up smalls and the CAC 40… — Continue at ZeroHedge News : Read More
