Posted on: 05 May 2016, by: Pepperstone Support, category: Market Review
Continued deleveraging in markets as Spoos down about 0.59% and WTI around the $44.00 handle.
Donald Trump is now overwhelmingly expected to be the Republican nominee as Kasich has suspended his campaign.
Speaking from the Sohn conference Drunkenmiller warned that today feels like it did prior to the 2008 crisis but this time could be worse.
Bill gross released his latest investment outlook where he sees less rate hikes and even said to prepare for renewed QE.
US ISM services beat expectations with a gain of 55.7 vs 54.8, its best reading since December 2015.
ADP missed by ~40k at 156k in April. The worst performing currency in EM and G10 were the TRY and CAD.