The recovery trade continues today. Cyclicals are notably outperforming more defensive names once again, with the Morgan Stanley Cyclical Index is up 3 percent, while the Morgan Stanley Consumer Index is up just 0.75 percent. This extends the recent trend that has taken place during the current summer rally. Read More
What happened to China? The Shanghai Composite closed down 5 percent, it's biggest one day drop this year; at one point it was down 8 percent intraday. Read More
Shares of Anglo American were higher Tuesday, following a surge in the previous session, on fresh speculation that Aluminum Corp of China (Chinalco) could be interested in taking over the miner. Read More