Palle (alias Sievä Sigismund) 24.12.2017 klo 10:38
Donald J. Trump
@realDonaldTrump
The Stock Market is setting record after record and unemployment is at a 17 year low. So many things accomplished by the Trump Administration, perhaps more than any other President in first year. Sadly, will never be reported correctly by the Fake News Media!
12.44 ap. · 24. jouluk. 2017
https://mobile.twitter.com/realDonaldTr ... umpilta%2F
Tilanne tällä hetkellä:
New York (CNN Business)The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue chip giants.
The Dow fell 508 points, or 2.1%. The S&P 500 lost 2.1% and retreated to its lowest level of the year. And the Nasdaq joined the Dow & S&P 500 in negative territory for 2018. All three indexes have plunged nearly 8% so far this December.
And the Russell 2000 index of small-cap stocks tumbled into a bear market, marking a decline of more than 20% from the record highs notched in late August.
A weaker reading from the New York Federal Reserve about manufacturing in the Empire State and a drop in confidence from the nation's homebuilders weighed on the markets.
"Investors are zeroing in on this idea of slower growth for 2019," said Michael Arone, chief investment strategist at State Street Global Advisors. "More people are worried about a recession in late 2019 or 2020."
Bruce McCain, chief investment strategist at Key Private Bank, said Wall Street might be overreacting to the economic headlines.
"Most of the economic signs point to slowing but not radical slowing. We think the market is overestimating how bad it will be," said McCain.
The political noise in Washington isn't helping either. President Donald Trump, in a tweet Monday morning, repeated his criticism of the Federal Reserve for its recent rate hikes. The Fed meets Wednesday and is widely expected to raise rates again.
But Trump tweeted that "it is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!"
The Fed is supposed to be politically independent. Any evidence that it might be swayed by attacks from Trump could unnerve the markets.
"If the Fed doesn't raise rates it will look like it's succumbing to the bullying of Trump's tweets," Arone said.
But Nancy Perez, managing director at Boston Private, said the Fed is likely to slow down its pace of rate hikes in 2019 simply because the economy is slowing, not because of pressure from Trump.
Perez added that the recent market turmoil is justified because investors are readjusting to this fact.
"We have been getting a bump in profit margins due to lower taxes but the earnings growth itself is not sustainable," Perez said. "Projections will come down and volatility will continue."
https://edition.cnn.com/2018/12/17/inve ... index.html