Scoreboard: Recovery recalcitrance

Last week saw the biggest drop in US stocks for the year whilst Europe saw some modest gains. Volumes this week are expected to be thin.

Last week wasn’t a great week for equities it seems. Indeed we saw the biggest drop in US stocks for the year! And that’s in a week where we really didn’t see any major news flow, or view changing information. Plenty of punters now talking of a correction, as is often the case when the price action starts to turn, but who knows? It’s the summer holidays in the north now anyway, and trading volumes are lighter. The good news is the fall was only 2 per cent for the week following a 1 per cent fall the week prior - so it’s nothing major and quite orderly.


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