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I See Red, People!

In the immortal words of Chuck Schumer: "Get back to work Mr. President..."

From the S&P to Switzerland, and from China to The CAC - global equity markets are in the red this morning, just a day after Treasury Secretary Mnuchin told the world that Trump's presidency was a 'mark to market' administration.

 

Europe extends yesterday's weakness...

 

Still a long way to go yet...

 

Are US banks about to play catch down?

 

Who's right? Bonds or Utility Stocks?