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Articles From Lumsden McCormick

A Game Changer

The end of the tentative trade truce between the world’s two largest economies triggered a sell-off on global stock markets and sent investors scurrying into safe-haven assets.

On Monday, August 5, the Dow Jones Industrial Average fell 767 points (about 2.9%) and the S&P 500 Index fell 87 points (about 3%). Around the globe, international markets felt the pain as well with the Euro Stoxx 50 Index falling almost 2%, Japan’s Nikkei Index falling about 1.8% and China’s Hang Seng Index falling about 2.9%. The Chicago Board of Exchange Volatility Index (VIX) spiked 32% during the market tumult.

Click through to read on about how this failed trade truce is affecting US markets.

 

A Game Changer

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Dave is a tax partner with over 30 years’ experience in service to closely-held family-run businesses, high-net-worth individuals, and for-profit flow-through entities. Dave’s expertise lies in the areas of real estate investments, the oil and gas industry, partnerships, S corporations, and closely held C corporations. His day-to-day activities include investment advisory services, the coordination and delivery of tax planning and compliance services for individuals and businesses. Dave is affiliated with 1st Global Capital Corp. as a Registered Representative holding his FINRA SIE, Series 7, and 66 licenses; he also holds Life, Accident, and Health Insurance licenses. 

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