Mixed Bag In Today’s Markets

The US markets were mixed today. At first we opened higher on the S&P 500, and the VIX was down about 1.50%. However, the markets almost immediately sold off to retrace to about 50% of the the previous day’s range. With a general lack of news today, this is not surprising. The biggest news has been the conference between Shinzo Abe of Japan and President Trump. However, not much that was surprising was said. However, this is a precursor to the G7 summit which begins tomorrow. With the United States pressing on trade issues, the G7 is likely to be more competitive than average, but we’ll see just what happens after the weekend. Here’s what to expect in the meantime.