The bearish bias is set to continue into this week as the futures on US equity markets plunge in holiday trading. Overseas markets were leading the move lower as the Yen strengthened, Euro declines and Japanese stocks fall almost 2% in early trading. US equities are set to open more than 1.3% lower.
Updated: Futures are now trading positive (S&P -4.5 points vs fair value) after Japanese stocks turn positive and Chinese shares rally almost 2%.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.