Market Talk – March 29, 2016

by Martin Armstrong
Armstrong Economics

Most markets were undecided on which way to play ahead of today’s main event, and so moves were light and limited. Asia saw all core indices tussle between black and red, and with the exception of China all closed pretty much unchanged. Shanghai closed down 1.3% but that was after a late recovery rally at the close. In late U.S. trading, we have seen China 300 (futures) follow the pack and is currently +0.9% higher than its earlier cash close.

In Europe, despite many nervous traders watching the declining oil price, stocks managed to close in the black and just held on for the day. Early rallies were lost as oil drifted and fears of what Janet Yellen may say once Europe had closed.

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