“We could fall another 10% on the worst-case scenario (total collapse in discussions), but even at the current level I still think macro investors who are buying are far too optimistic,” said Stephen Innes, head of trading and market strategy at SPI Asset Management. “Why anyone remains positively disposed to equity markets in this environment is beyond logic.”
--With assistance from Gregor Stuart Hunter and Eric Lam.
This article was provided by Bloomberg News.