New article posted below, titled “Recession Worries?”
1) China-United States APEC summit ends without a joint statement, a result of US-China tensions. US warns other Asian nations about investing in Chinese infrastructure, specifically China’s ‘Belt and Road’ project, and becoming overwhelmed with debt.
2) Survival of four major retailers may be determined by sales this Christmas season. Sears, JC Penny and Barnes & Noble, and while Toys-‘R’-Us has already closed all its stores, it is trying to capitalize on its name brand.
3) The volatile stock markets give fears among older retirees of a possible crash, resulting in lost of their savings. The baby boomer’s savings have not recovered from the 2008 crash.
4) 19 NOV 18 Stock market closings: Stock market dragged down by major losses of five large technology companies.
Dow 25,017.44 down 395.78
Nasdaq 7,028.48 down 219.40
S&P 500 2,690.73 down 45.54
10 Year Yield: down at 3.06%
Oil: up at $57.40