1) European markets remain stable despite the vote to reject the Brexit plan.
2) Prime Minister May narrowly survived a no confidence vote. Fears continue of economic chaos if Britain does a ‘no-deal’ exit in ten weeks.
3) Ford Motor Company forecasts a weaker than expected forth quarter making for uncertainty in 2019. Ford is the top seller in Britain, so a no-deal Brexit could be harmful for the motor company. Additionally, Ford hasn’t provided a profit forecast for 2019.
4) 16 JAN 19 Stock market closings:
Dow 24,207.16 up 141.57
Nasdaq 7,034.69 up 10.86
S&P 500 2,616.10 up 5.80
10 Year Yield: up at 2.73%
Oil: unchanged at $52.31