Guidestone Capital Management President David Spika shares his market notes and warning signs.
U.S. equity futures were poitning lower on Tuesday morning following a day in which shares showed little to no direction.
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Dow Industrial futures traded down 0.2 percent, S&P 500 futures are reacting the same, while Nasdaq futures are off by 0.3 percent.
The S&P 500 inched lower by less than 0.1 percent, the Dow Jones Industrial Average rose just 0.1 percent and the Nasdaq fell 0.2 percent.
China's Shanghai Composite ended the session off 0.1 percent, following China's producer price index falling 0.8 percent in August year-on-year. Slowing demand has forced some businesses to cut prices.
Japan's Nikkei ended the day up 0.35 percent, Hong Kong's Hang Seng closed unchanged.
Investors are taking a shine to smaller company stocks in hopes that they'll be better shielded from the fallout of the costly trade war between the U.S. and China than large multinationals.
The broader market has bounced back the past two weeks following volatility brought on by the trade war as Washington and Beijing imposed new tariffs on more of each other's imported goods. Investors worry the escalation of tariffs may be dampening global economic growth and threatening to nudge the United States into a recession.
A mixed bag of economic data has also kept Wall Street focused on central banks and whether they will continue taking measures to shore up economic growth.
Economists expect the Fed to cut interest rates when it meets next week. Separately, the European Central Bank is expected to unveil new monetary stimulus measures on Thursday to help shore up the region's economy.
In Europe, London's FTSE was down 0.1 percent, Germany's DAX was off 0.1 percent. France's CAC was down the same 0.5 percent.
The Associated Press contributed to this article