Trading Evolution

Markets are never wrong - opinions often are

Weak start for 2016

ES futures are pointing to weak start of 2016 for US equity markets. Futures are down around 1%. Say thank you to China which just reported drop in December PMI to 48.2. Good luck to all traders in 2016!

Update: It is not just weak start of the year. So far it is the second worst start of the year in more than 80 years.

Dow's worst starts to a year over the past century:
-8.1% in 1932
-2.3% in 1922
-1.8% in 1983
-1.7% in 1930, 1980 and 2008
Currently -2.5%

Jamie McGeever