Expect The Market To Recover!
New Highs Going Into The New Year!

by Ian Harvey

October 12, 2018

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Another roller-coaster session yesterday, with the Dow tumbling 546 points, or 2.1%. The S&P 500 closed down 2.1%, notching its sixth-straight losing session. And the Nasdaq briefly tumbled into a correction, signaling a 10% decline from previous highs.

It was not all bearish with the U.S. stocks swinging between minor gains and massive losses in a volatile session.

President Donald Trump continued to criticize the Fed's policy-tightening path as "ridiculous" and "a little too cute," stoking fears about the impact of recent interest rate rises. As a result, it was a back-and-forth between the bulls and bears.

One positive insight is that the market did not close on the lows of the day.

Stocks had a late-session rebound on reports that President Donald Trump and Chinese leader Xi Jinping have agreed to meet next month at the G-20 summit. Such a meeting could ease fears that the US-China trade war will hurt corporate profits and slow the US economy.

The declines this week follow months of better-than-expected performance in US markets, which bounced back after turmoil earlier in the year to set new records over the summer.

The concerns about higher rates have been compounded by a trade war between China and the US - which the IMF has warned could harm growth.

So, summarizing the reasons for a sell-off……

  • Besides profit taking,
  • rising interest rates,
  •  tariffs and inflation, and
  • concerns that fourth-quarter earnings season, which begins on Friday, won't be as record-breaking as prior quarters.

There is still plenty of bullish optimism for the future, particularly centered on earnings.

Expect The Market To Recover!

New Highs Expected Going Into The New Year!


A POSITIVE DAY AHEAD????

DON’T PANIC!


THE BULL MARKET CONTINUES!

Take advantage of what the market has to offer today.

Stock Options Made Easy memberships are here to help you ride the wave higher and profit from the market volatility!


Best of Trading,
Ian Harvey
Director of Stock Options Made Easy


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