CSF - Investors Be Alert To November's Risk Lessons - Weekly Blog # 709
- In the second week in November, portions of the US and European markets topped out, while China’s market was already in decline. This week, a new COVID variant, Omnicron (B.1.1.529), from Africa emerged and is growing very fast.
- On Friday, most of the world’s stock markets fell materially. In the US, the popular stock indices declined between 2% and 3%. A number of individual stocks also declined materially, with at least one falling by 20%.
- At this point, I do not see anything that would turn sentiment for trading in the week ahead positive. Only skilled traders should try to ride the various bounces that could occur.
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Investors Be Alert To November's Risk Lessons - Weekly Blog # 709