No one knows if yesterday’s 3%-plus plunge in US equity prices is noise or the start of an extended decline. What we do know is that the slide wasn’t entirely unexpected given the strong relative and absolute performance of US stocks in recent history.
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Daily Archives: October 11, 2018
Macro Briefing: 11 October 2018
Hurricane Michael ravages Florida, heads to Carolinas: CNN
US arrests Chinese military intel official for economic espionage: NY Times
US intel: Saudi crown prince ordered detention of journalist Khashoggi: CNBC
US futures on Thursday point to another wave of selling: CNBC
Trump says Fed ‘Has Gone Crazy’ after sharp down day in stocks: BBG
US Treasury Sec: stock market slide is ‘normal correction’: CNN
US producer prices rebounded in September: Reuters
Wholesale inventories in US increased a strong 1% in August: MarketWatch
Business inflation expectations for Sep tick up to 2.3%, a 6-mo high: Atlanta Fed
Recession risk may be rising for California’s economy: NY Times
US stock market fell 3.3% on Wed, biggest daily drop since Feb: CNBC