Markets Rebound from Sharp Volatility Following Fed Nomination and Economic Data
Global markets are recovering after the nomination of Kevin Warsh sparked sharp volatility and a leverage unwind across metals, equities, and currency markets.
Insights:
Gold and Asian stocks were on the rebound on Tuesday after wild swings in metals markets followed the decision by President Donald Trump donald trumpto nominate Kevin Warsh kevin warshto lead the Federal Reserve. The announcement in the United States 
USimmediately preceded extreme price moves that removed leverage from markets, occurring alongside a bounce in factory activity data. The price dive on the prior Friday and Monday wiped out leveraged positions and triggered selling across commodities and stock markets as traders sold other assets to bail out losing bets after the sharp moves in metals.
USimmediately preceded extreme price moves that removed leverage from markets, occurring alongside a bounce in factory activity data. The price dive on the prior Friday and Monday wiped out leveraged positions and triggered selling across commodities and stock markets as traders sold other assets to bail out losing bets after the sharp moves in metals.
