Sid Verma

23/08/2017
Economía Bloomberg - Estados Unidos Mercados Sid Verma

Wall Street Banks Warn Downturn Is Coming

HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle.
08/06/2017
Economía Bloomberg - Estados Unidos Mercados Sid Verma

Analysts Are Getting Worried About the Euro

The euro is on a tear, U.S. investors are snapping up European stocks -- and traditional theories to justify the shared currency’s spirited advance have broken down, as investors luxuriate in a climate of low volatility.

“Something strange has happened to the euro in recent months,” Saravelos wrote in a client note Wednesday. “Almost all traditional drivers that usually ‘explain’ the price action have broken down.”

“Near-term, it suggests that there may be an underlying flow story that is impervious to other market drivers and is supportive of the euro,” Saravelos said. “Medium-term, the current ‘decorrelation’ is usually associated with periods of very low volatility and would suggest caution in extrapolating recent euro strength.”

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