The US stock market has pulled back big recently with the S&P 500 trading more than 10% off it’s highs set last month. The culprit here is a slew of geopolitical turmoil including the below:
Tariffs on imports of steel, aluminum, and other manufacturing materials.
Hawkish comments from the Federal Reserve promising to hike interest rates once more this year and three more times in 2019.
Midterm elections bringing uncertainty to the political power structure.
A rising U.S. dollar. Which makes business overseas more expensive for U.S. companies.
New home sales came in at 553,000 vs. 625,000 expected.
I made a quick video to sum up what’s going on, look at the Buffett Indicator and other economic indicators, and give my opinion! Please share your insight as well!
Submitted October 27, 2018 at 11:09AM by dmwes4 https://ift.tt/2Q5bVM0
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