25 September 2018

1) Like the Asian markets, European markets are also down because of the US-China trade war.  China declares the United States trade policies as ‘trade bullyism’.

2) Oil prices are predicted to reach two year record highs in 2019. Forecasts are for $90 by Christmas and $100 in 2019.  World oil production is at a record high.

3) Both the United States and China enacted tariffs on each other’s products today as the trade war continues.  China rejected calls for renewed trade talks.

4) 24 SEP 18    Stock   market   closings:

Dow                 26,562.05            down          181.45
Nasdaq              7,993.25                  up              6.29
S&P 500             2,919.37             down           10.30

10 Year Yield:    up   at   3.08%

Oil:     $72.25   up   from    $70.71

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