1) Analysis estimate there is a 40% chance of a recession in 2019.
2) Analysis cut the 2019 earnings forecast by more than half. While still growing, earnings are growing at a slower rate than expected from 2018.
3) This next year will be a make or break for fifteen international corporations. They are Bayer, Sears, BT, Tesco, Deutsche Bank, GlaxoSmithKline, Tat Motors, Ford, EDF, Goldman Sachs, General Motors, Huawei, Facebook, Air France – KLM, and RWE. Of interest is the number of automotive manufactures in trouble.
4) 31 DEC 18 Stock market closing:
Dow 23,327.46 up 265.06
Nasdaq 6,635.28 up 50.76
S&P 500 2,506.85 up 21.11
10 Year Yield: down at 2.69%
Oil: up at $45.81