Investors are staring at a sea of red losses in the US stock market on Monday morning as frustrating news headlines continue to point to trade tensions with China.
Whether an excuse for a selloff or not, we have to respect the price action, which has been showing some underlying weakness for some time now.
In today’s video we look across several key assets and internal indicators to paint a picture of the financial markets. Below are a few highlights:
Futures point to more selling pressure on Monday morning as trade tensions with China linger.
Investors flight to safety pushes the 10-year yield lower.
Software and Services sectors are showing relative strength as stocks decline.
Stock Market Today Video – May 13, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
