Anxieties regarding longer-term inflation have entered the spotlight. The Fed’s easy-money policies and government stimulus spending had juiced growth and momentum into an epic bull run over the last year. However, these equity factors now face substantial risks from bond market volatility.

A daily summary of high-profile members of several complexes.

A daily summary of high-profile members of several complexes.

U.S benchmarks are lower this morning with the S&P 500 and Nasdaq both down more than 0.5% on emerging market fears and the escalation of the conflict with Turkey. China is leading the way lower on a delayed reaction to Monday night’s trio of dismal reads; Industrial Production, Fixed Asset Investment and Retail Sales.

A daily summary of high-profile members of several complexes.

A daily summary of high-profile members of several complexes.

A daily summary of high-profile members of several complexes.

Global equity markets are lower this morning and we cannot say we are surprised. In fact, we warned of this exact scenario; U.S and China trade tensions will build in the headlines once we got through Apple’s earnings and the Fed drift. The Bank of England hiked interest rates 25 basis points this morning as expected, but a warning of economic headwinds has sent the Pound a penny lower.

A daily summary of high-profile members of several complexes.

A daily summary of high-profile members of several complexes.