WEEKLY MARKET DIGEST: SPANISH AND ITALIAN YIELDS SPIKE AS LAGARDE GETS TOUGH, PERVERSELY THE DOLLAR FALLS, RUBLE BEST PERFORMER $GLD $SLV $USO $DIA $SPY $QQQ
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) SPANISH AND ITALIAN YIELDS SPIKE AS LAGARDE GETS TOUGH, PERVERSELY THE DOLLAR FALLS April 17, 2015 Spanish and Italian yields spike as Lagarde gets tough. Lagarde, the head of IMF, has stated that she opposes any extension of Greece to pay its debt. There are significant jitters in Europe this morning. Expiration of certain futures have exasperated the downside. Normally at a time of crisis, the dollar gets stronger. Perversely, dollar has shown significant weakness