|Data for week commencing 1 October 2018|
It’s no surprise for you to read that I’d like to say “all’s good” for stock buying right now but it’s not. The Trump trade war, the strong US economy and its implications for inflation, as well as interest rates on top of the debt that bankrolled us out of a potential Great Depression, are all making unbridled positivity impossible.
And the pressure has been particularly piled on overnight, despite a not-so-great jobs report out of the US. When I saw the Dow down over 200 points on bounding out of bed, I thought: “Another good jobs number, which means higher expectations of faster rising interest rates and so stocks down.”