Our friends at Livesquawk reporting. Bloomberg have it also.
- we're going through a correction
- China has plenty of ammo left
- oil may not have bottomed out
- Fed will continue to raise rates
- now is not the time to have flight into cash
- recommends that clients pare risk a little
A cautious but glass half-full assessment from the boss of the Swiss banking group, one of my former employers in the 1980s.
Ah, happy times !