Traders around the world were in better condition in past when market was ruled by European debt crisis (PIIGs) than now when market is facing a situation in gulf region & related refuge problem. Not only European debt crisis is more connected with economics but its effects have created more panic in the market. As a trader in the equity market always I am looking for more volatility in the market & that is better when matter is more connected with economics, obviously this question will not come if it is a world war or something like that.
In coming days market is expecting high volatility in response of Brexit & Fed’s rate hike but as matters are progressing I feel that it may not create that much what media are highlighting. Especially when Britain’s exit may not be sure as we are seeing in different news, I think it may be going to effect their currency too. On the other hand today or tomorrow Fed is going to hike the rate so question may come about their timing.
A new problem is trying to emerge in South China Sea but I feel it is purely a political one & comparing to gulf problem its effect will be less on market. It is better for big fishes to look on the economical one than the political one, either way market is not going to eat up this as we have seen in case of gulf.
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