5 Dec 18 - Wall Street Rout Resumes | RBA, Wesfarmers Global markets sold off heavily overnight, as investor sentiment flipped with the US markets down over -3% this morning. A decline in longer term US bond yields set off warning lights about potentially slowing US economic growth, while there was also scepticism over the chances of a breakthrough in US-China trade talks. While there was no clear trigger for the sell-off, investor sentiment remains fickle to say the least.  Trade tensions are helping in rattling investors over the past couple of months, with concern mounting that global growth is slowing at the same time central banks pull back support. Hedge funds have turned cautious on the biggest technology names that have led the record bull run, and retail investors have reportedly raised cash at the fastest pace in three years. Once again, we believe it is important for medium-term investors to remain calm during periods of heighten...