Jump to content

The stock market is sadface


Recommended Posts

https://www.cnn.com/2018/11/20/investing/why-dow-dropped/index.html

Quote

 

Business)The gloom-and-doom on Wall Street has wiped out the stock market's gains for the year.

 

The Dow dropped as many as 596 points, or 2.4%, on Tuesday. Plunging retailers like Target (TGT) and Kohl's (KSS) led the S&P 500 1.7% lower.

 

Quote

 

The losses have been sparked by a flurry of concerns about everything from higher interest rates and crashing oil prices to the US-China trade war. But the overarching theme is that investors are bracing for the end of the fantastic economic and profit growth that marked the past year. Analysts expect a deceleration in 2019 driven by tariffs, the fading impact of the tax cuts and higher borrowing costs caused by the Federal Reserve.


"Put simply, stocks have already started to price in the risk of an economic slowdown," Goldman Sachs chief US equity strategist David Kostin wrote to clients on Tuesday.


 

Quote

 

"The market is speaking loudly that bad news is coming," Morgan Stanley equity strategist Michael Wilson wrote to clients.

 

Slowdown fears were front-and-center in the retail sector. Disappointing results sent Target and Kohl's more than 10% lower on Tuesday.

 

TJX Companies (TJX) and Ross Stores also retreated. Home improvement retailer Lowe's (LOW) lost 5% after posting results. That leaves the home improvement retailer on track for its ninth straight daily loss.

 

 

 

Definitely the Dems fault 

Link to comment
Share on other sites

19 minutes ago, SFLUFAN said:

Interest rates

Interest rates

Interest rates

 

With the substantial increase in Treasury debt and an overall slowing global appetite for it, you can bet your ass that interest rates are going to have a nasty spike.

 

 

Time to cut Medicare, Medicaid, and social security, Dems need to get on board for this.

Link to comment
Share on other sites

20 hours ago, SFLUFAN said:

Interest rates

Interest rates

Interest rates

 

With the substantial increase in Treasury debt and an overall slowing global appetite for it, you can bet your ass that interest rates are going to have a nasty spike.

 

 

Bingo.

 

The yield curve is well on its way to inversion—I think the Fed is going to accept a recession as the price for getting comfortably above the zero lower bound.  If not mid-to-late 2019, it’ll happen in 2020.

 

Trump’s trade war isn’t helping, though, and could be a longer-term drag if it outlasts his presidency, as the Chinese are predicting. (and preparing for)

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...