Analysts expect the global markets to continue to experience a downtrend over the next few weeks — and while there is plenty of uncertainty, talk of a looming worldwide recession is probably wide of the mark, says Craig Johnson, chief market technician at PiperJaffray.<\/p>\n
While acknowledging there are fundamental concerns, we do not believe the current economic backdrop warrants the degree of bearish sentiment and suspect the proverbial bar for stocks has dropped significantly,\u201d <\/strong>Johnson said in a note to clients.<\/span><\/p><\/blockquote>\n\u201cTechnically, we continue to see signs of an intermediate-term bottom emerging and recommend investors tactically deploy capital back into equities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The first day of 2019 was a downer for global stock markets, largely due to increasing investor jitters over a slowing Chinese economy. News that China\u2019s manufacturing sector contracted in December caused major stock indexes to fall across Asia and Europe. The Hong Kong Stock Exchange — home to Macau\u2019s casino stocks — had its […]<\/p>\n","protected":false},"author":36,"featured_media":95350,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Casino Stock Hit as Fresh Evidence Points to Chinese Economic Decline<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n