Friday, November 10, 2017

Art Cashin Lays Out Risks in Current Market Environment

Art lays out three primary risks:
  • Political uncertainty
  • Credit market worries, highlighted by the fact that Junk Bond Index is down 7 days in a row
  • Trump’s tax cut bill is dead
Add these things on top of an already frothy tape, beset by amateur speculators and weak hands, and there is a significant risk here for further downside.

- Source, Gold Silver