— Is the Worst Over?
That fear came back last week as China’s economic slowdown worsened, causing fears that its economic weakness could stall worldwide economic growth.
‘Sentiment is shifting in a very negative way and you really are seeing no place to hide today,’ said David Levy of Kenjol Capital Management to Sky News as the Dow Jones Industrial Average and the S&P 500 dropped 3% in one day.
The S&P 500 alone is down more than 10% over the last five days. Some analysts dubbed Monday, August 24 as Black Monday, predicting the repercussions of China’s economic collapse would ruin U.S. equities.http://www.tradersdna.com/equities-capital-markets/u-s-equities-is-the-worst-over/