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1.Market Observations, 8.Was Sticky, Uncategorized

4 Oct 2019 (TheAge) – Now Trump wants a tit-for-tat stoush with Europe, no wonder markets are fearful

(4 October 2019, The Age, Business, p21, Stephen Bartholomeusz)

Dow Jones Industrial Average index daily candle chart

Dow Jones Industrial Average index daily candle chart

‘Last year the US sharemarket imploded in the final quarter, primarily because the Federal Reserve was foreshadowing a series of interest rate hikes, but also because of the then-developing trade conflict with China. It’s happening again but this time the sell-off – the US sharemarket has fallen more than 3 per cent already this week – is predominantly due to the fallout from the trade issues.’

Read more at TheAge.com.au

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