Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: ( Reminder: U.S. stock markets will be closed today, Dec. 5, in observance of a national day of mourning for President George H. W. Bush. The U.S. bond market will also be closed for trading on Dec. 5, on the recommendation from the Securities Industry and Financial Markets Association, better known as SIFMA. The CME Group also said it will shutter its U.S.-based equity and interest rate futures and options products.)
European and Asian stocks dropped on Wednesday following a rout on Wall Street, though declines were contained and U.S. equity futures rose after China pledged to start delivering on trade agreements reached with America. The dollar ticked up.
Global markets have been left reeling after another steep sell-off in the U.S. on Tuesday, but nerves appear to be steadying after China’s Commerce Ministry said trade negotiations will proceed based on a timetable and it will swiftly execute on items where there is consensus. While the Stoxx Europe 600 Index slumped, the retreat was far less than the 3.2 percent plunge recorded by the S&P 500 a day earlier. Futures for America’s benchmark gauge advanced, though the New York market will be closed on Wednesday to mark the day of mourning for President George H. W. Bush. Regards, Ted
