While many analysts around the globe are focused on the possibility of a solution to trade talks between the US and Chain, views are not changing to the long-term economic impact on investment by blue chip firms. The uncertainty of future economic growth is now concern for many large firms and they are becoming reluctant to spend. Also, the US is considering restricting pension funds from investing in China and removing some names that are listed on US markets markets. Add Hong Kong, a city which is now said to be changed, making Chinese rule more challenging, and the disruptions in global markets is now accelerating.
Global Markets – We are now seeing the S&P 500 falling below key technical supports, with the two-day drop in the Dow Jones Industrial Average at 800 points. These technical and falls are hitting some stocks hard and of course damaging investor confidence. We will be focused on markets in the coming weeks, and updating on trends. Being cautious now makes sense as global markets are starting to look more like 2008 when financial systems were tested in the Great Recession. More to coming in the coming weeks.