Another day, another stock market dump saved by another Greece headline…
- GREECE WILL MAKE JUNE 5 PAYMENT DUE TO IMF, GREEK ECONOMY MINISTER STATHAKIS: REAL
The question is, what money will Greece use this time? They already “borrowed” their IMF reserves to make the May 12 €750MM payment to the IMF…
We would note for those paying attention that S&P futures VWAP is 2011.
Crude is soaring this morning…
Charts: Bloomberg