Not Just ‘Loco’ Fed: Why Equities Are Suddenly Selling Off Now

4% 10-Year, 3% Inflation Is Time to Worry in Equities, Sowerby Says

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By Justina Lee

October 11, 2018 at 10:43 AM UTC

Updated on

October 11, 2018 at 3:19 PM UTC

This article is for subscribers only.

U.S. President Donald Trump can blame more than just the Fed for the recent market sell-off.

It was the perfect storm that gave U.S. stocks their worst day in eight months, sending European shares to the lowest since December 2016 and driving more than 1,000 Chinese companies to fall by the daily limit. After holding steady at the open, the S&P 500 is now set to drop for a sixth straight day to trade at the lowest level since July.