Postcards: An Ominous Warning in Davos
The World Economic Forum is now on Day 2, and everyone is cold. But this warning from the Institute of International Finance (IIF) is
Market Update: We start today in Yellow territory, with a keen eye on the 4,750 level for the S&P 500 as support. The Russell will again battle at the 1,950 level as we watch higher volatility today, with the VIX back near 14. I’ll write to Republic Risk Letter readers as sentiments shift during the day.
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