After U.S. Manufacturing PMI data was released yesterday (October 1), U.S. equities began to decline, as described in this CNBC article. They highlight three key points:
How much this affects U.S. equity and other world markets in Q4 of 2019 can now be weighed in addition to those I identified in my two recent posts here and here. Two more months of this data will be released before year end on November 1 and December 2...so keep an eye on sentiment and directional movements by the close on those days.
Here's how the S&P 500, MSCI World Equity Index, U.S. Dollar Index, U.S. United States 30-Year Treasury bond and Gold closed yesterday (note that the percentages gained/lost graph represents a combination of two days of movement (Monday and Tuesday)...we'll see how they close out the week.