New article posted below, titled “Recession Worries?”
1) Another major drop in the markets, with the Dow and S&P wiping out their 2018 gains. Oil is down, the biggest single day fall in 3 years. Markets reacting to concerns of future higher interest rates and a slowing of international economics.
2) GM had offered salaried employees a buyout, but only a little over half the needed 7,000 employees have accepted, leading to fears of pending layoffs in January.
3) 20 NOV 18 Stock market closings:
Dow 24,465.64 down 551.80
Nasdaq 6,908.82 down 119.65
S&P 500 2,641.89 down 48.84
10 Year Yield: down at 3.05%
Oil: up at $53.57