By Chris Becker
Here we go again with the possibility that Trump’s trade war maybe curtailed sending stocks higher and Treasuries lower, abating some of the volatility of the last week or so. Oil prices lead the charge as tensions rose in Libya while the Italian election – almost guaranteed to be a hung parliament – did nothing to upset European bourses.
Recapping action in Asia yesterday where Shanghai Composite put in a scratch session after being down mid-session, closing at 3273 points, still well below key resistance at 3300 as the sellers step in again. This sideways move is getting a bit long but necessary to shake out with obvious buying/selling points:
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