DrBanneker
Space is the Place
This one is becoming too close to call and people are getting jittery...
Financial Times Article
Rising anxiety among global investors propelled the swiftest weekly surge into cash since 2013 as money managers drove the longest sell-off in the benchmark S&P 500 since the financial crisis.
The world’s largest national equity index was up 0.4 per cent by midday in New York on Friday, after shedding 2.9 per cent over the prior eight trading days. The S&P has recorded its longest string of declines since 2008 as the US presidential race between Hillary Clinton and Donald Trump has tightened and spurred rising market volatility. Money market funds, a proxy for cash, absorbed more than $36bn in the week to November 2, according to fund flows tracked by EPFR.
Equity markets in Asia and Europe declined on Friday and European equity benchmarks have outpaced this week’s decline in the S&P 500, with the Euro Stoxx 600 plumbing its lowest level since early July.
https://www.ft.com/content/ba653cf0-a219-11e6-aa83-bcb58d1d2193
Financial Times Article
Rising anxiety among global investors propelled the swiftest weekly surge into cash since 2013 as money managers drove the longest sell-off in the benchmark S&P 500 since the financial crisis.
The world’s largest national equity index was up 0.4 per cent by midday in New York on Friday, after shedding 2.9 per cent over the prior eight trading days. The S&P has recorded its longest string of declines since 2008 as the US presidential race between Hillary Clinton and Donald Trump has tightened and spurred rising market volatility. Money market funds, a proxy for cash, absorbed more than $36bn in the week to November 2, according to fund flows tracked by EPFR.
Equity markets in Asia and Europe declined on Friday and European equity benchmarks have outpaced this week’s decline in the S&P 500, with the Euro Stoxx 600 plumbing its lowest level since early July.
https://www.ft.com/content/ba653cf0-a219-11e6-aa83-bcb58d1d2193
