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Daily Recap

It was another weird day in the markets with hints of deja vu from yesterday.  Overseas markets were again lower across the board, with Spain (up 0.24%) the sole exception.  In Asia, the NIKKEI lost 1.5%, leading the Asia Dow to a 1.23% decline.  European exchanges fared somewhat better, with the STOXX 600 down 0.49%. 

 

Like yesterday, this set the tone for a big decline in the US, as the Dow Industrials once again plunged some 150 points in early trading, before once again rallying to almost the unchanged level.  But then the script changed, and US stocks parted paths with yesterday's action.


In the world of fixed income, bonds again gained ground as investors shed stocks and sought safer assets - or in the modern parlance, it was a "risk off" day.  There doesn't seem to be much in the way of tangible news to explain this sentiment, other than the ... Log in or subscribe to continue reading.


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