What’s the difference between Adam Scott and Spain’s banking sector?

What’s the difference between Adam Scott and Spain’s banking sector? Only one of them has epically collapsed. Unfortunately, the other may not be far behind. Spain’s benchmark 10-year bond yields have soared past the level deemed “unsustainable” and are now sitting at 7.565% reigniting fears that a full blown bailout will be needed. Those fears have caused the euro to shed more than .5% putting pressure on global stocks and commodities heading into the trading week and as investors scramble for shelter U.S. Treasury yields touch a record low of 1.395%. The precious metals have taken a beating but are fighting back as gold dropped all the way to $1562 but has since halved its losses and now sits around $1572. Platinum is off 1.4% but has fought back to $1391 after dipping as low as $1382. We’ll see if any corporate earnings reports can cushion the downside of U.S. equities. The Dow is already down 1.6% to start the day. Have a great day!