It took equity players a much longer time (than their peers in the FX space) to take the drama unfolding ou

GBL: Fear Makes a Comeback

Global Markets Daily by Saktiandi Supaat

FX Research

It took equity players a much longer time (than their peers in the FX space) to take the drama unfolding out of Washington seriously. Wall Street sank close to 2% by the end of Wednesday. The VIX index rallied past the 15-level, last printed 15.59. All these because the Justice Department has hired a special counsel to take over the investigation into the potential collusion between Trump’s campaign team and Russia. At the same time, the Congress is pressing for former Director FBI to present...