The US-China trade talk shows getting under way Thursday.
Dow futures late Wednesday,. Wall Street looks like it's heading for a weaker open, with many investors no doubt ready to hang on to it.
And then earnings season kicks off next week with some big banks.
A repeat of that rout may be unavoidable, warns our call of the day from former Goldman Sachs alumnus Raoul Pal. "We're Coming into a Period of Illiquidity for Equities," the author of the Global Macro Investor Newsletter, followed by the World's Biggest Hedge Funds, told MarketWatch in a recent interview.
He cites three reasons why a repeat of that stock sell off may be inevitable. The first is the blackout period for companies, which hits back and forth. Secondly, he notes that this year has also seen problems with the short-term borrowing market, or repo market, that the Federal Reserve has been trying to tackle.
Pal says the third greatest issue faces the baby boomers, Americans born between the mid 1
"The problem is the gap between this year and last year is huge. It's like 50% increase in the amount of selling that has been done, "said Pal. "They have to start selling by year-end. [Http://wwwyoutubecom/watch?v=rPG&tP=T&tP=T&tP=T&tP=&tP=1&topic_id=179&type=0&type=1&topic=1[http://wwwyoutubecom/watch?v=rMY&t=0&tree=en&target="http://wwwyoutubecom/watch?v=ZY&turntId=&tP="http://wwwyoutubecom/watch?v=ZY&turntId=ENG&q="http://wwwyoutubecom/watch?v=ZY&turntId=en&topic=en&target="http://wwwyoutubecom/watch?v=ZY&t"ThemarginalchangeofanAmericanbabyboomerthinking'I'vegottoomuchequities'whichtheyhave-that'scatastrophicforthesystembecausetheyhavewaywaytoomuchrisk"saysPalco-founderofRealvisionfinancialtelevision
YM00, + 0.01%
S & P
ES00, + 0.03%
NQ00, + 0.06%
is down, gold
is flat, and the dollar
are mixed. Asia markets
ADOW, + 0.03%
rebounded to mostly finish higher.
Our chart of the day shows investors headed for the sidelines in a big way ahead of US-China trade talks. Vanguard's S & P 500 exchange-traded fund
VOO, + 0.43%
shows at outflow of $ 2.9 billion at the start of this week, marks the biggest withdrawal in the past 10 months, notes Naeem Aslam, chief market analyst at ThinkMarkets:
He adds that that's the second-biggest withdrawal on record since the fund's inception in September 2010:
The Vanguard fund is the third most popular search fund behind the SPDR S & P 500 ETF Trust
SPY, + 0.41%
and the iShares Core S & P 500 ETF
IVV, + 0.45% .
Read: Securities and Exchange Commission rejects another bitcoin ETF proposal
AAPL, + 0.89%
Hong Kong protesters to track police, a day after being harshly criticized by a China state newspaper.
Opinion: Oxfam report finds workers overworked and poorly treated at a sweet potato farm that supplies Amazon's
AMZN, + 0.42%
Whole Foods, which says that's not accurate reflection.
Senate Majority Leader Mitch McConnell, a longtime opponent of reforming marijuana laws, expected to spend two days meeting with industry executives, sources tell MarketWatch.
Blackouts, Northern California as Pacific Gas & Power
cuts power for a million people.
Data with the latest on jobless claims and consumer prices mostly met expectations.
Rugby World Cup cancels two matches as Japan braces for Super Typhoon Hagibis
You feel what you eat.
$ 300 haircut for Rep. Alexandria Ocasio-Cortez raises eyebrows
London airport braces for chaos from climate activists Extinction Rebellion
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