2 January 2019

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

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