Those investors are a skiddish bunch.
Wall Street is notoriously responsive to current events. Any time something doesn’t seem to be going right in the world, investors tighten their purse strings. This week, the skiddishness is a result of two factors: Congress and China trade talks.
Oddly enough, both seem to be going alright. Congress announced an agreed framework for a border control legislation to prevent another government shutdown. But, like the rest of us, Wall Street will believe it when they see it. A little hesitancy is not unreasonable.
The China talks are also reported to be going well, though we don’t know many details. And again, seeing is believing.
This seems to be how things are now. Even when nothing is going particularly wrong, there’s always the feeling of potential disruption right around the corner. On that note – Have a great day!
