After some POTUS tweets on tariffs with China stocks globally have tumbled by a couple of percentage points. US futures have been off 1-2% all night long.
Additionally interest rates as measured by the 10 year treasury have dropped 4 basis points.
It would appear to me that there won’t be widespread losses in income securities thus we doubt we will see widespread bargains being created–but one never knows for sure. If you have a shopping list you should keep it handy–just in case.
I think it is more likely that markets will normalize by the end of the day Monday. If there were to be a multi day selloff of common stocks there is always a chance that preferreds could be sold off by nervous nellies–which is where bargains could be created.
We shall watch.