Worried About Stocks? This FANG Stock Chart Will Definitely Feed Your Anxiety
To be sure, investors have good reasons to pull some money off the table. TS Lombard strategist Dario Perkins points to four areas of concern:
- Eurozone data that has missed consensus forecasts by the widest margin since the global financial crisis. Perkins calls EU macro data in 2017 "implausibly high", so a slowdown was inevitable.
- The OECD's leading indicators have dipped.
- Global industrial orders and trade data have softened, notably among Asian supply chains.
- Emerging markets more broadly have slowed, in part thanks to the stronger U.S. dollar.