12.21.18 • -2.06%
Near term factors:
Fears of economy slowing
Long term factors:
FED economic outlook
This is the worst week in the stock market since 2008 when the global recession hit. These historical numbers and intimidating headlines can lead risk averse investors to sell as panic sets in. The main reason why equity markets were down today was led by a potential U.S government shutdown. The market has locked onto bad news and continues to ignore any good news. We will need substantial news to turn the market around. Hopefully, with Christmas on Tuesday the market can take a deep breath and prepare for the New Year. Recession fears and bear market worries will remain. However, once the market digests the government shutdown decision and further fed commentary we should see some normality return. Many will be out of the office next week which may lead to lighter volume, but that remains to be seen with the possibility of algorithms trading at all times. Hang in there and enjoy the holidays.
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