Stocks are retreating from record highs today amid worries that central banks will withdraw easy-money policies.
S&P 500 futures are down almost 0.25 percent, while European indexes are mostly lower. The big move occurred overnight in Asia, where Japan’s Nikkei cratered 4 percent. Australian and Hong Kong indexes also fell sharply.
The S&P 500 has been hovering on either side of 1700 for more than two weeks following a strong rebound in early June. Economic data has also been remarkably strong, which gives investors potential reason to believe that the Federal Reserve and other monetary authorities will reduce stimulus measures. Today’s losses in Germany, for instance, come despite better-than-expected industrial production in June.
— Option Monster