All the major markets come under fire

Investors in US equities had a number of significant issues to contend with in recent months, the latest being the US presidential election. Just a few months ago, the primary concern was the Fed's thus far ineffectiveness in slowing the economy, even after six consecutive rate hikes. The focus of concern quickly shifted toward the hard landing scenario. The economic outlook was further complicated by the effect of higher oil prices. A continued slide in the euro was yet another element, which could negatively impact corporate profits of US multinationals. Then there were sectoral cr...