Where’s the circuit breaker? Traders stare into abyss
It will require a lot of hope and optimism to go against a tide of panic and fear. Especially when the market feels the White House is content to let it burn.
Brokers and traders were already bracing for one of the most intense and active trading sessions in their careers as they dialled into Monday morning meetings. Volume records were broken on Friday night as Wall Street dived.
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
