Authored by Michael Snyder via The Economic Collapse blog,
Is the retail apocalypse in the United States about to go to a whole new level?
That is a frightening thing to consider, because the truth is that things are already quite bad. We have already shattered the all-time record for store closings in a single year and we still have the rest of November and December to go.
It's 2018 forecast time for the big banks. With Goldman unveiling its seven Top Trades for 2018 earlier, overnight it was also UBS' turn to reveal its price targets for the S&P in the coming year, and not surprisingly, the largest Swiss bank was extremely bullish, so much so in fact that its base case is roughly where Goldman expects the S&P to be some time in the 2020s (at least until David Kostin revises his price forecast shortly).
Via LPLResearch.com,
One of the oldest market sayings is: “markets climb a wall of worry” - needless to say, it is sometimes good to be cautious.
We listed some of our worries recently in What Might Scare Markets, but the action in the S&P 500 Index over the past year—and so far in November—has that list growing.
Here are 10 reasons to worry (in no particular order):
After five consecutive daily losses on the MSCI world stock index and seven straight falls in Europe, there was finally a bounce, as investors returned to global equity markets in an optimistic mood on Thursday, sending US futures higher after several days of losses as global stocks rebounded following a Chinese commodity-driven rout.
It's been a while...
The S&P 500 and USDJPY were utterly inseparable today...
Futures show the swings better once again...with the late day fade on Senator Johnson...