10/09/18

FANG-Less Stocks Drift Aimlessly As Trade War Tensions Loom



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FANG-Less Stocks Drift Aimlessly As Trade War Tensions Loom
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With US traders starting the new week amid concerns of more bad news on the trade front - at least those who were not out for Rosh Hashanah - and further profit taking in the FANG complex, the final result was probably better than most had expected.

The day started off with the usual trade war jitters, with Chinese stocks sliding as the Shanghai Composite slumped 1.2%, deeper into bear market territory, and approaching the cycle lows hit in mid-August.

Predictably, emerging ...

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