JOE WEISENTHAL
Good morning, and welcome back to the selloff! It is ugly in Europe again
Greek stocks, which got totally destroyed yesterday, are down another 2% today.
Italian stocks are down 3.6% right now, on top of the 4% decline yesterday.
Germany is down over 1%.
There’s also a bit of a freakout on the bond side of things, with Greek 10-year interest rates surging to well over 8%.
The German 10-year yield has hit a record low of 0.718% as people rush to safety.
Generally, this feels VERY much like the bad old days of the Eurozone crisis.
Oil is weak again, and hanging just above $80/share.
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