4.7 • 5.8K Ratings
🗓️ 8 July 2021
⏱️ 51 minutes
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0:00.0 | I'd like to thank Indeed for supporting my podcast. |
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0:39.0 | slash Peter. |
0:40.6 | Offer his valid through September 30th terms and conditions apply. |
0:45.4 | Well I am recording this podcast that around 11 a.m. here in Switzerland and that means |
0:51.6 | it's only 5 a.m. back in New York. |
0:54.6 | So we still have several hours before the stock market opens. |
0:59.9 | But I'm already looking at how the futures are trading. |
1:03.5 | And as I am recording, Dow futures are now off about 400 points. |
1:08.7 | So it looks like the market is off to a rough start. |
1:12.8 | In fact, if you look at all of the markets, you can see that right now it is risk off as |
1:20.5 | everybody is selling the riskier assets and buying what they perceive to be as safe |
1:27.0 | or haven. |
1:28.0 | You can really see that in the foreign exchange market. |
1:30.7 | The dollar today is down solidly against the euro, the Japanese yen in particular and |
1:37.9 | the Swiss Frank. |
1:38.9 | I think that's where you're seeing the biggest move down is against a Frank. |
1:43.0 | Obviously that's going to make my time in Switzerland a little bit more expensive. |
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