By Chris Becker
Is the top in for US stocks? No – but the dip continues as the fully priced in market takes stock of Trump’s promises that so far have garnered no detail as the Fed definitively details its decision to raise rates, and soon. US markets fell around 0.3% overnight while European bourses tread water leading up to the ECB/Fed one-two punches coming later in the week.
Looking at Asia’s session yesterday, where the Shanghai Composite continued a more positive start to the week, closing up 0.2% to be at 3242 points. This takes it back above the high moving average and positions for another possible legup to the former high at 3300 points:
