Market Review Risk assets weathered the Cypriot storm in powerful show of defiance. Markets initially opened in panic mode as risks escalated with regards to the Eurozone violating their own deposit guarantee scheme by forcing a tax on deposits under €100,000 and therefore potentially threatening a run on the banks. However, as the European session got underway some powerful reversals came in and as the US cash markets opened our strategy view was based on the idea that the pullback had
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Risk assets weathered the Cypriot storm in powerful show of defiance high this morning