Authored by Kevin Muir via The Macro Tourist blog,
I haven’t written about it much, but I have long been a closet uranium bull. Yeah, maybe I wrote one piece - Somewhere Cheap to Hide, but it’s not like I have been pounding the table on the idea.
The overnight fireworks in Japan, which saw the Nikkei plunge by 860 intraday points and sent vol and volumes soaring (before recovering most losses), spooked traders in Asia and around the globe, and U.S. equity futures are red this morning, along with European shares and oil.
Something snapped in Japan today.
"A Happy Trumpiversary to all our readers this morning"
- Deutsche Bank
U.S. equity futures are little changed as European and Asian shares retreated, led by sliding bank stocks and a drop in the dollar as doubts over republican tax cuts and ongoing bond curve flattening hurt sentiment and prompted fresh questions over the viability of the US expansion.