The $10 trillion stock rally gets a reality check from slow growth
Bloomberg
A $10 trillion global stock rally is showing signs of fragility, and you can blame the economy.
Both the American and European benchmarks posted their biggest weekly losses since the darkest days of December’s sell-off, with the S&P 500 dropping 2.2 percent. While the week ended with the European Central Bank’s dovish turn and President Donald Trump predicting a “very big spike” in U.S. markets once a trade deal with China is reached, stock declines were a sign that after a sharp two-month rally, risk appetite has weakened and the bar for positive surprises has been raised.
Dr. John C. Hughes, D.O.