With the data fog still hanging over US markets, investors not so much slowed down but stalled on Friday.
The key S&P 500 index was marginally lower (down less than 0.1%), the Dow fell (-0.6%) and the Nasdaq wobbled around and ended up just 0.1%.
The unease was global.
Asia was much weaker on Friday (the ASX down 1.4%), European and UK stocks opened sharply lower on Friday but generally recovered somewhat to finish around 1% down.
The big “known unknowns” worrying markets are what will the US economy look like when the best part of two months data gets released and what will Nvidia’s results deliver this week.
The data fog, that prompted US Fed Chair Jerome Powell to muse he’s inclined to slow down any rate changes, isn’t about to lift quickly despite the federal government shutdown technically ending at the point of a presidential sharpie last week.
White House economic advisor Kevin…
