Skittishness in the stock and bond markets appeared at odds with signs of stability on the ground. And things could get worse, especially amid trade tensions with China, as companies line up to report fourth-quarter results in the next few weeks. Traders are placing bets on whether the Fed will be forced to change course by a slowing economy and swooning stock market. Investors have piled into money market funds as a shelter from market turmoil. China will keep trying to attract bond investors, and a fresh campaign to promote its currency is expected.

Source: New York Times January 04, 2019 11:32 UTC