In fact, markets may already be fanning the embers of the next crisis. While all worldwide bourses tumbled on Friday, OppenheimerFunds' de Longis pointed out that certain European markets fared worse-which could be an ominous sign.
Friday's "price action tells you everything you need to know: who are the worst performing markets? Spain and Italy," he said, noting the bourses of both countries reeled by double digits-even worse than London's exchanges.
Those flashpoints "are treated as the worst performers, and indicative of where the next risks lie," de Longis added.
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there might be a limit to what the BoJ can do to prevent yen from rallying," he added-especially as the veneer of European unity splinters.
In fact, markets may already be fanning the embers of the next crisis. While all worldwide bourses tumbled on Friday, OppenheimerFunds' de Longis pointed out that certain European markets fared worse-which could be an ominous sign.
Friday's "price action tells you everything you need to know: who are the worst performing markets? Spain and Italy," he said, noting the bourses of both countries reeled by double digits-even worse than London's exchanges.
Those flashpoints "are treated as the worst performers, and indicative of where the next risks lie," de Longis added.
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