SuperSpreader Posted November 20, 2018 Share Posted November 20, 2018 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 Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted November 20, 2018 Share Posted November 20, 2018 Another tax cut will fix this and prevent problems. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted November 20, 2018 Share Posted November 20, 2018 So much national debt being added. Sad. Thanks Obama. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted November 20, 2018 Share Posted November 20, 2018 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted November 20, 2018 Share Posted November 20, 2018 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. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted November 20, 2018 Share Posted November 20, 2018 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. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted November 20, 2018 Share Posted November 20, 2018 28 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. I gotta get a new house now Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted November 21, 2018 Share Posted November 21, 2018 We have top men looking out for us in Washington. Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted November 21, 2018 Share Posted November 21, 2018 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) Quote Link to comment Share on other sites More sharing options...
MarSolo Posted November 21, 2018 Share Posted November 21, 2018 Larry Kudlow needs to become dinner. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted November 21, 2018 Share Posted November 21, 2018 But on Reddit I read that stocks were going down because of the Diablo Immortal announcement. Are you suggesting there's something bigger? 1 Quote Link to comment Share on other sites More sharing options...
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