Interesting Comments From Jean-Claude Juncker

Jean-Claude Juncker is out with some interesting comments, particularly about the value of the Euro in comparison to other currencies. Juncker is saying that the Euro is overvalued compared to other major currencies, and that the Euro area should have an exchange rate policy. As Juncker is making these comments and they are hitting the tape, we have seen the equity markets continue to weaken. Stocks are at session lows, with both the S&P 500 and the NASDAQ off more than 1%.