US equities are taking it on the chin today on news of a manufacturing slowdown in China
Jay Soloff
Argonath Financial
US equities are taking it on the chin today on news of a manufacturing slowdown in China. As of this writing, the S&P 500 is down 20 points and the Dow Industrials are down 200 points - each roughly 1%. Meanwhile, the VIX spiked to over $14, a 10% jump on renewed fears of market volatility. The big news is the unexpected drop in China's Purchasing Manager's Index. This month's number came in below 50 (49.6), which implies contraction in the manufacturing sector. That's not a good sign for the global economy with as big a consumer as China is of international goods. It could also be an excuse for investors to dump shares with all the talk of overheated US stock valuations. Will the stock market remain resilient? Let's see what the next few days of earnings news brings.
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
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Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
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