Another Layer Of Uncertainty Adds To Wall Of Worry

By Jan-Patrick Barnert and Michael Msika, Bloomberg amrkets Live reporters and strategists

You can’t blame equity investors for starting to feel uncomfortable with the trades that did so well over the past 18 months, as the wall of worry is just getting higher.

A deeply red week ended on Friday with the Euro Stoxx 50 Index down more than 4% for the second time since June. The European benchmark has now reached levels that bear close watching as more declines could follow should technical support fail to hold.

Authored by Tyler Durden via ZeroHedge July 22nd 2024