Guy Stephens: Living for today in the US of A

The investment environment really was getting very dark last week, whether it was Brexit in the UK, Italy in the EU, or Donald Trump's usual variety of weekly threats, which involved Saudi Arabian sanctions, extracting the US from Russian nuclear deals or more Chinese tariffs. There is a point where the market seems to say ‘enough is enough' on the downside and then momentum kicks in and the buyers come back. This is the reverse of what we saw earlier in the month where the negatives seemed suddenly to overwhelm the bulls, leading to the sell-off. Now the same negatives and a few more...