US equity markets are opening the week on a downward note

Jay Soloff

Argonath Financial

US equity markets are opening the week on a downward note. The major indices are all down about a 1% with tech and small caps getting hit the hardest. The pullback appears to be based on comments from China's finance minister, who implied stimulus measures are not necessarily in the cards. There's also been a steep decline in momentum stocks the last couple days, particularly among internet and social media names. On the surface, it looks like investors are entering another risk-off phase, at least for the short-term. However, the VIX is not really representing a major bump in volatility, and is still sitting under 14. Perhaps the most interesting development in investor behavior has been the divergence of small caps from the bigger names. While the S&P 500 is up 8% on the year, the Russell 2000 is down nearly 3%.

Jay Soloff
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...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment