BTIG: 'Risk Off Indicators Are Mounting'

A stop sign

In his latest note, BTIG’s Dan Greenhaus declares: “Risk off indicators are mounting.”

He argues that there are reasons to be “sceptical” about markets are current levels.

Some specific points:

  • Overseas markets are breaking down.
  • Germany and France are now down three of the last four weeks.
  • The aussie dollar, a great barometer of economic health is sliding.
  • The US data is weakening, though is not definitive.

Says Greenhaus: Key levels to watch are 1370 and 1311 on the S&P

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