Summer closed in a whirlwind of weather chaos for the United States and its territories. At the start of the summer, two obvious signs that the US economy was flying apart emerged -- the big blowouts in the auto industry and in retail . I found it helpful to take a review of what summer brought:
Carmageddon crashes on
It's deja vu all over again.
In a repeat of yesterday's session, where US equities and the dollar levitated in a one-way trade, Tuesday's muted session - where in addition to closed China and South Korean markets, Germany's Dax is also shut for holiday - has seen early dollar and European equity strength, while the S&P is set for new record highs amid higher E-minis and a VIX that is again lower after 5 consecutive days of declines.
The largest secession movement since Brexit and the biggest mass shooting in American history... buy stocks!!
Spain felt the pain...
Is it QE or is it earnings?
After the quietest September in history for U.S. stocks...
Things may about to get a little more exciting - entering the final months of 2017, that last digit doesn’t bode well, if history is any indication.
As Bloomberg reports, some of the biggest fourth-quarter declines in the Dow Jones Industrial Average have occurred in years ending in seven, the worst being in a Black-Monday plagued 1987.