With Deutsche Bank soon to be the beneficiary of both a fire sale and a government bailout, and the Saudi’s reportedly having become besties with Iran, last night’s 10-pt swoon in the futures has been erased.
DB is up 7.7% off its lows, and 4.7% since our bottom call, so everything must be okay. If CL and USDJPY cooperate by breaking out of their triangles, it will be.
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