“At a Crossroads” – Vista Partners Daily Market Recap 11/16/2018
All the major indices ended the session on Friday with gains, with the Nasdaq just barely squeaking out of the red. The S&P 500 gained 0.46% (12.66 points) and the Nasdaq increased 0.15% (11.04 points). The Dow jumped up 0.68% (171.23 points).
Individual components of the Dow fared well overall. The Travelers Companies (TRV) ended the day up 2.53% and United Health Group (UNH) rose 2.33%. Walmart (WMT) claimed the title of the “biggest loser” for the second day in a row as it saw shares slip 1.86% by market close.
After a strong showing yesterday, Atossa Genetics (ATOS) dropped 6.87%.
President Trumps reassurance this afternoon that he felt good about finding a path forward with China on trade helped to give stocks a late-session bump. But this likely won’t change what many analysts see as a general global downturn as beginning to infiltrate the US.
Increasing debt, budget deficits, declining commodity prices, and the fear of increasing interest rates are all factors that might be pointing to trouble for the US economy and markets.
John Linehan, an investment officer with T. Rowe Price, sees this as a critical time for the United States. “I think US markets really are a at a crossroads. There are significant reasons to be confident about the market but some real reasons to see that there’s some risks that pose a very clear and present danger.”
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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