This past week's market was a continuation of the weakness exhibited in the first three weeks of January. A couple of the factors cited for this weakness are emerging market issues specifically related to currency weakness, the continued tapering announced by the Fed, an economic slowdown in China and a underwhelming job report in the U.S. All of this has increased the negative sentiment associated with the equity markets globally. This week's magazine contains a number of articles on bearish sentiment as well as articles impacting the emerging markets. One of the sentiment articles in the magazine points to seasonality in February that highlights that the first week of the month is generally a positive returning one. We will certainly see what plays out this week.
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