Daily Archives: Feb 9, 2018 at 07:22 am EDT

Is It A Bear Market Yet?

The latest plunge in the US stock market left the S&P 500’s drawdown at a bit more than 10%. That’s the amount of red ink that brings usually out the “correction” label. The latest slide has also inspired fresh chatter about the possibility that a bear market is near, which is widely defined as a drop of 20%-plus.
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Macro Briefing: 9 February 2018

Senate OKs bill to avert government shutdown, sends it to House: The Hill
Higher US budget-deficit risk is weighing on the stock market too: AP
Asia stocks tumble on Friday after Wall Street’s plunge on Thursday: Reuters
Oil prices continue to slide as supply fears mount: Reuters
New photos show extent of China’s military buildup in S. China Sea: NY Times
Bank of England hints at earlier, faster rate hikes: BBC
US jobless claims fall, nearing 45-year low: Reuters
VIX futures curve in backwardation, signaling outlook for more vol: Bloomberg