From Peter Tchir of TF Market Advisors
Post Summit Rally Fatigue?
The deal seems a disappointment on almost every level and still needs approvals - UK out. Finland expressing concerns.
The ECB has confirmed what they said yesterday. This agreement does not turn on the printing press (any more than it is already doing)
Rating agencies likely to be underwhelmed. Countries will still be on watch and might still be downgraded.
The budget rules seem unlikely to be met anytime soon.
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