Published September 27, 2024
Stock markets received quite a jolt this week. After years of weak performance and seeming government ambivalence, China shifted gears this week. The world’s number two economy, declining and depressed for years by overbuilding among other ills, shocked markets by announcing a “bazooka” of government stimulus measures. (more…)
Published October 19, 2018
Our post last week noted that the October selloff in stocks likely had drivers other than the oft-noted rise in interest rates as some of the most interest rate-sensitive sectors, such as utilities, were holding up just fine. We also noted that the wave of geopolitical issues that seem to be ever-widening were unlikely to be a major cause of the selloff as investors were not pouring money into bonds, as they typically do during periods of angst. A recent note from Oppenheimer points to persistent and increasing weakness in non-U.S. economies as being the primary catalyst for the current stock market correction. (more…)