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Daily Traders Edge

Will raging U.S. bull market get infected by bearish foreign trends?

September 14
10:19 2018

The bull may still be charging on Wall Street. But the bear is growling overseas.

The good times in the U.S. market, where stocks are trading near record highs as the longest bull run in history rolls on, aren’t being enjoyed in many foreign markets, where trade disputes and a strong dollar are hurting growth and pushing stocks sharply lower. Earlier this week, some markets – such as Hong Kong’s Hang Seng index, mainland China’s Shanghai composite and a broad-based emerging markets exchange-traded fund – fell more than 20 percent from their January highs into bear market territory.

In contrast, the U.S.-focused large-company Standard & Poor’s 500 stock index is up nearly 9 percent this year and just a tad shy of its record closing high hit in late August.

The growing debate on Wall Street is whether the disconnect between U.S. and foreign markets can continue.

Continue Reading At USA Today

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