EconomiesStock Markets

$2 trillion rout in the stock market-

As the SP500 neared the low of November the media suggested as much as a two trillion dollar rout in equities.

The QR-model made the fall one of the more enjoyable routs as it exited a bullish stance on Oct 4. However, the model stance may now lag due to lingering high volatility. The important low due late Nov may have been placed ahead of the US midterm elections. It will be tricky to manage risk while giving the bulls a chance into Thanksgiving if not year-end.

The DAX, CAC, HSI, Shanghai Comp show signs of stabilizing. Willingness to follow the US higher in recovery.

However, on the macro side, Europe and Asia remain on the list Econ concerns as manufacturing and service PMIs show the US may be the only bright spot on the global map.

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