21 December 2018

1) There are suggestions that people shouldn’t be worried about the stock market, rather they should worry about having a job with the possible weakening of economy.

2) Markets fell with the announcement of Feds raising interest rate. There are forecast of fewer raises for 2019, with four raises already having been made for 2018, with an interest rate of 2.5% at the close of the year. Amidst this is worries of a slower economy in 2019 from President Trump’s spending, the effects of the $1.5 trillion dollars tax cuts fading and global economic slowdowns.

3) Fears mount over pending government shutdown as the Congress and President grapple over the $5 billion dollar expenditure for border wall.

4) 20 DEC 18 Stock market closings:     All three market indices have lost over 10% in December.

Dow        22,859.60 down 464.06
Nasdaq               6,528.41 down        108.42
S&P 500      2,467.42        down 39.54

10 Year Yield: up at 2.79%

Oil: up at $46.36

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