Investors focused on developments in Europe

This article is the second in Foroohar’s series on Chinese business developments and their effect on the global economy; read the first installment here. Wuhan, China — It’s tough to feel sorry for billionaires. But even they have taken a hit over the last five years, or so says Brad Bean, the managing director of Dynasty Yachts in Wuhan, China, which is a division of the Miami based Megayacht Group. Bean is a 35-year veteran of the yacht business, with a specialty in mega yachts—sea monsters that range in length from 50 to 120 meters.

This article is the second in Foroohar’s series on Chinese business developments and their effect on the global economy; read the first installment here. Wuhan, China — It’s tough to feel sorry for billionaires. But even they have taken a hit over the last five years, or so says Brad Bean, the managing director of Dynasty Yachts in Wuhan, China, which is a division of the Miami based Megayacht Group. Bean is a 35-year veteran of the yacht business, with a specialty in mega yachts—sea monsters that range in length from 50 to 120 meters.

Welcome to the lightest trading week of the year… Not only is this week pared back to only 4 sessions, barring any huge event in Europe, each day should feature anemic volume making it difficult for the heavy hitters to move any material amount of exposure.

Stocks are set to rally at Wednesday’s open, as investors remain focused on developments in Europe.

After flirting with an all-time high for three weeks, the S&P 500 posted its best closing level in history. But some strategists say Thursday’s record could be a harbinger that the stock market rally is running out of steam. The S&P traded within 10 points of the all-time closing high for 13 sessions before breaking through, showing that investors need new catalysts to push firmly above resistance levels.

Wall Street opened lower Friday as fresh warnings about Greece kept investors away from risky assets while trading was expected to be volatile and light heading into a long weekend.