Confusing see-saw action continued today, at least in the U.S., where stocks are higher - mostly. Asian stocks merely carried the U.S. trend forward from yesterday, with Japanese stocks down a harsh 3% and China's Shanghai index down a more civilized 0.4%. Europe, in turn, took the ball from there, as both British and German exchanges lost about 1.5%. One area of foreign stocks doing very well were the emerging markets, at least as traded in the U.S. EEM, recommended yesterday, was up a smart 2.5% today.
But as Donald Trump makes clear, it's all about America. Just kidding - on my part! Anyway, U.S. stocks perversely took encouragement from weak retail sales numbers in the morning, yet more evidence that the Fed will put further interest rate hikes on hold. The 10-year Treasury yield hit a year-long low, in turn dragging the dollar down with it.
In the U.S., the Dow Industrials look to finish up ... Log in or subscribe to continue reading.
Premium Content Notification
A subscription is necessary to access premium content.
Please use the button below to subscribe in order to access all premium articles