Wednesday 27th March 2018
It won’t be pretty….
Fun and games in the stock market over the last few days….
At Money Truths we make a point of keeping an eye on the American indices – and for good reason….
When the wind blows across the Atlantic, it eventually rattles the doors over here. And to be forewarned is to be forearmed….
- A re-test of investor nerves….
The S&P 500 tested investor nerves on Friday – plunging 2.5% to a 6-week low….
The Dow Jones Industrial Average also lost ground – more than 700 points-worth….
The falling values were attributed to what amounts to naked fear….
Investors were exiting stocks in favor of government bonds – a direct response to concerns that President Donald Trump is intent (via tariffs on steel and aluminum imports) on inciting a potentially dangerous and certainly damaging trade war with China and anybody else who fancies a tear-up….
At closing bell on Friday evening, money managers were gloomy and subdued….
But they needn’t have been. Friday’s emergency was swiftly recast as just another opportunity – the latest in a long line – for the market to profit….
Buying the dip has worked its magic again.… Click here to read more