Midnight In The Desert — industrial

Happy New Year, everything is terrible

Posted by K R on

Happy New Year, everything is terrible

Last year was not a good one for stocks. All told, the S&P 500 ended 2015 with a 0.7% loss. And a few hours into 2016, things don’t look so hot either. The trading year tumbled out of the gates Monday (Jan. 4), with the S&P down a bit more than 2%. The Nasdaq is even worse. China set the tone early, with its notoriously volatile stock markets stumbling. The Shanghai Composite index fell 7% on the day, triggering a newly installed circuit breaker. There were plenty of reasons to pick from. For one, a key gauge of Chinese manufacturing...

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