It's your Mortgage Day!
Stock markets down!
Investors worry about US economic policy, interest rate rises and risks such as Italy, Brexit and an emerging market crisis.
Glass is half full: economic growth and third quarter corporate profits quite strong, risks should not be exaggerated.
Investment implications: correct ion seems to be exaggerated; we remain slightly overweight in shares.
The American stock exchanges experienced a stormy day yesterday with a loss of more than 3%, the biggest loss since February this year. The European stock markets were also down and since the beginning of this year have lost on average more than 8% and are therefore considered to be in ‘correction’ territory. Emerging markets, such as China, dropped even more, although this market has been in a bear market for some time now.
This stock market correction doesn’t come out of the blue. What are investors mulling over?
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