NEW YORK--([ BUSINESS WIRE ])--Wall Street Webcasting presentsexclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC). Gordon raises concerns over the EU moving too far left.
Last week, the number of flight to quality assets started breaking higher and other key assets started breaking lower. This occurred because there were weak unemployment results and the French government turned left, after recent elections. Not only has France turned left, but a quarter of the seats in Greeceas Parliament went to members who were considered radical a couple of years ago.
Although the EU is finding it hard to stabilize their economy, Gordon points out that the US equity markets have held up well, even as other risk assets have traded off.
To find out why turning left could be a problem for the EU please tune in to Rich Gordonas exclusive video.
Please visit the following link to view the video: