Spooked by the threat of trade war acceleration and despite the quarter-point interest rate cut Wednesday, the market sold off practically all off all week. Then, on Monday morning, we learned that the Chinese government had allowed its currency, the yuan, to slide to its lowest levels in more than a decade. The market sold off sharply as a result. Despite this slide though, large-cap indices still trade close to their all-time highs. The market is losing momentum, but the buyers can return as fast as they retreated if the market senses that the worst of the trade war is… Read More
Spooked by the threat of trade war acceleration and despite the quarter-point interest rate cut Wednesday, the market sold off practically all off all week. Then, on Monday morning, we learned that the Chinese government had allowed its currency, the yuan, to slide to its lowest levels in more than a decade. The market sold off sharply as a result. Despite this slide though, large-cap indices still trade close to their all-time highs. The market is losing momentum, but the buyers can return as fast as they retreated if the market senses that the worst of the trade war is over or if the Fed indicates more dovishness. In the meantime, investors have clearly become more cautious, booking profits on their best stocks of the year and taking losses on some of the laggards. —Recommended Link— The Real Reason Most Americans Can’t Retire by 65 If you’re following traditional retirement advice that made sense 50 years ago… You may be missing out on the most effective retirement strategy today. Here’s all you need to know to retire as early as this year. Let’s Go Hunting For Momentum In a normal… Read More