Macro Dragon: Synthetic Friday... + 8,236,000
Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime.
Thoughts on the Eurogroup videoconference
After 16 hours of unsuccessful negotiations, the Eurogroup is suspended. Italy and the Netherlands are still at loggerheads. The discussion between finance ministers should resume on Thursday again. The press conference that was initially scheduled at 10 AM (Brussels Time) is canceled.
Market Quick Take - April 8, 2020
In breaking news this morning, the Eurogroup finance ministers have declared they were unable to come to agreement on a coronavirus response, clearly a development that will spook markets and the euro this morning. This on top of an unconvincing follow-up rally in the US yesterday could have risk appetite on edge today.