After issuing a dire warning first aimed at Italy, which he said is " on the verge of inducing a fresh European crisis", followed with an ominous prediction that " Turkey's goose is cooked", overnight Bloomberg macro commentator and ex-Lehman trader Mark Cudmore looks at the bigger picture, and in his latest Macro View note he is yet again especially dour, warning that the Italian and EM shocks will spill over, and that "global equities will slump amid a shortage of good news", predicting that "the next couple of weeks are filled with many potential negative catalysts for global equities but there’s little left on the calendar that might offer respite.
"Trader: Markets Have Entered A "Terribly Negative Dynamic"
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