01.03.19 • -2.48%
Near term factors:
Fears of economy slowing
China trade fears
Long term factors:
FED economic outlook
Fear of global recession
Apple earnings are shaking the markets convincing some bears that they may in fact be right about global growth slowing. Some say this was priced in months ago yet Apple (AAPL) plummeted 9.96% after their first reduction in guidance in over 20 years. Meanwhile, the government is shutdown with no deal in sight between democrats and republicans. It looks like political warfare in Washington as both parties seem to be blaming each other for the lack of a resolution. 2020 elections are most likely a factor as the parties try to stay true to their campaign promises and values. We will continue to see high volatility and potential lower levers in indices around the world if the earth shattering guidance from Apple remains true.
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