Unsettled weather is causing unsettled markets
Author: Steve Bonnyman
August 28, 2017
Hurricane Harvey is bearing down on Texas, disrupting U.S. oil production. Proverbial “storms” are taking place across financial markets as well, with Brexit uncertainty dampening economic data in the U.K. and Europe. U.S. mutual fund flows are also suffering, despite a tailwind caused by U.S. dollar weakness.