The Selloff Picks Up Steam

sadtrader 3

After China’s big drop last night, our early morning dip didn’t seem that big. Perhaps the return of Merger-Monday helped counteract any bad news.

But, the selloff is starting to pick up some steam in the early afternoon. The incides are all off around 1% or more, witht he NASDAQ leading the way on the downside, down 1.4%.

Financials are getting slapped around a bit, though nothing scarily so. And considering how long this rally has been going on, it’s way to early to start freaking out.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at