move market: It happens seemingly every August where we have events that move the market out of proportion to the events, according to The Japan Times. Goldman Sachs Group Inc. said on Sunday that its economists see recessionary risks increasing as the trade war between the world's two largest economies drags on, and no longer expect a resolution before the 2020 U.S. presidential election. All three major U.S. stock indexes started the week in the red, with few earnings reports and no economic data to soothe market jitters over protests in Hong Kong, the rejection of Argentine President Mauricio Macri's economic agenda in primary elections, and a tariff dispute that has beleaguered markets for months. ; It's the end of summer so a lot of market players aren't on the job, said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. The move away from risk sent gold prices higher and U.S. Treasury yields lower. Data on inflation, housing starts and retail sales are due later in the week, and will be scrutinized by market participants for signs of economic softening. It's a flight to safety given the global situation, from Hong Kong to Strait of Hormuz, Hellwig added.
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