“The question is what is the primary driver of the jumpiness -- economic concerns, Fed policy, Trump-Fed conflict, slowing of global growth. Nothing is particularly encouraging right now.”The U.S. stock market has been roiled in a year of big reversals with the Nasdaq Composite descending into a bear market last week and the nation’s benchmark inching closer to ending the longest bull market ever recorded. “We are in the middle of the worst storm in global financial markets since the 2008 crisis, with markets crashing from New York to Tokyo,” he said. “As global central banks are unlikely to come to the rescue this time around, the global market crash might continue well into next year.”Elsewhere, Japan’s Topix index rose on Wednesday after plunging nearly 5 percent on Christmas Day. The Nikkei 225 Stock Average, which entered a bear market yesterday, gained 1.4 percent.

Source: The Star December 26, 2018 00:22 UTC