Condition of the Markets Across Classes, Regions and Sectors
The world is swirling in negative events and pending negative events that are pushing and pulling on market prices, as well as investor emotions. Those negative forces are reasonably well known to most of you, so we won't try to enumerate them.
Our key point is that there is no calculus to sum and net all those factors, which have included an abundance of major surprises. However, all the while the markets are at work, providing in their own way, a net redux of the myriad forces that are pushing and pulling at the world's economy, influencing the level of interest rates and the fortunes of companies.