Risk-off selling continues as Uber slides

I have some thoughts on economic headlines below. This one is outside the paywall. If you like what you read, please subscribe as this newsletter is totally subscriber funded. Uber as a signpost I am just catching up to where I left off at the end of last week regarding the risk-off move in shares. That move continues into today. As I write this Uber is down 6.9% in the pre-market after a decline of nearly 8% Friday. This is after it went to market at the bottom of its trading range. Its smaller rival Lyft is also still hurting, with shares down 30% from its IPO price.

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