Concerns today included a disappointing consumer sentiment report from the US, and ongoing Brexit fears. Bond guru Bill Gross was in the news today also, saying that the $10 trillion of negative-interest bonds could lead to a major financial implosion. That probably didn't help things.
Markets generally reacted negatively to it all. European stocks fell more than 2%, after milder declines in Asia. US indices all finished lower, down almost 1% on average.
Lower oil prices didn't help much either; crude fell 1.5% to $49/bbl. Gold was the day's rare winner, up $5. Silver also rose, up 5 cents, while platinum and palladium got clobbered again.
Richard's Thoughts On Changes
By Mary Anne and Pamela Aden and the Dow Theory Team
I know from my own experience how difficult it is to move, to make fundamental changes where investing is concerned.
When people spend most of their lives believing one thing, it's seemingly impossible to ... Log in or subscribe to continue reading.