U.S. markets fell in late trading while the dollar weakened but overseas and emerging markets rallied. Treasury bonds rallied.
It’s logical to assume emerging markets and European markets would rally some on the weaker dollar. Also gold and other precious metals rose.
China markets rose as trade data improved on both exports and imports. Meanwhile S&P downgraded French outlook to negative.
As expected Fed governors were out talking down expectations of any interest rate increases given global economic weakness at home and abroad.
And if interest rates are raised later than sooner you can make bets on more dollar weakness and long gold bets likely.
Let’s remember Monday was one of those semi-holidays with Columbus Day