Concern about whether China can truly achieve a soft landing coupled with continuing angst in the European markets overshadowed a couple of good economic reports for the US yesterday. Despite good news on the service sector and factory orders, the Dow gave up .1 percent and the S&P .4 percent.
have become a primary influencer for US markets. Even for investors with smaller assets who may have avoided international investments, their portfolios may be impacted. China is a significant element in the US trade deficit which, in turn, impacts US economic performance. This on the heels of a still hoped for recovery from the 2008 crisis is enough to compel advisors to stay abreast of global market developments in the management of client portfolios.
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