So much for the rally. On Thursday, the S&P 500 got within 2.4 percent of its historic high only to tumble on Friday. We got mugged by slower global growth again.
While we do have a dovish Fed, that factor is now priced into the market. The president has made clear there may be no immediate reduction in tariffs, and the European manufacturing data — particularly Germany — was so bad that 10 year bond yields over there went to zero. So, the bull narrative is running up against reality. If this weak global economic growth narrative stays with us, it means stocks are pricey at this level.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Auto stocks fall after BMW warns of global economic slowdown, trade troubleBMW executives said the industry faces a fiercely competitive environment, dogged by questions about how tariffs and trade tension between the U.S., China and Europe could affect supply chains, manufacturing and sales. But but...the trade deal....the dovish FED....excessive multiples don't matter.... your reasons are fake news
Source: CNBC - 🏆 12. / 72 Read more »
Three stocks to hedge against an economic slowdownThe U.S. economy could be slowing down, but RDM Financial Group's Ron Weiner has three sector picks that could weather any trouble ahead. Mr Kramer Nke 100?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks under pressure | Fed's rate decision set | FedEx warns of global slowdownFutures are pointing to a slightly lower Wall Street open, but with a Fed policy statement ahead and headline risk surrounding China trade talks, another volatile day could be ahead. I warn too of global slowdown need China back up a bit they buy our goods Market isn't too bad'
Source: CNBC - 🏆 12. / 72 Read more »