Markets With some good will, one could label this morning’s decline on Asian equity markets (mostly 1-2%) as ‘relatively modest’ given the WS sell-off. However, European trading soon made clear that this was no harbinger of dip-buyers stepping in. No buy-on-dips, even no sell-on-upticks, but simply further (stoploss) liquidation of cyclical, growth sensitive assets. European […]

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