Business Standard

US stock exchange: Deutsche Bank warned about the worst week for markets

The Dow Jones Industrial Average plunged 600 points as a strong employment report of sent Treasury yields toward 3%

Deutsche Bank in March unveiled a new strategy that involves focusing the investment bank on corporate clients and highlighting the firm's German roots (Photo: Reuters)
Premium

Deutsche Bank in March unveiled a new strategy that involves focusing the investment bank on corporate clients and highlighting the firm's German roots (Photo: Reuters)

Lu Wang | Bloomberg
If the selloff feels like bad news, don’t blame Binky Chadha.
 
Yes, stocks are heading for their worst week in two years. Treasuries are sinking, with 10-year yields jumping to the highest level since 2014. And commodities from oil to gold have been roiled. But according to Deutsche Bank, signs of trouble have been plainly visible for a while.
 
Chadha, the firm’s strategist, sent out a warning earlier this week that investor positioning is stretched in almost every major asset. Even worse, markets are moving in unison to a degree rarely seen during this market cycle, in which

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in