Manage episode 221940995 series 1165508
Our FEATURE today focuses on the US equity markets which are exhibiting all the signs of being on the cusp of a bear market. We examine a number of past major bear markets and the aftermath. Of significance, did a Recession follow the event? Black Monday in October 1987 is quite meaningful. The DOW suffered a 22.5% loss that Monday which still remains as the largest one day decline in US market history and continued to drop almost 40% from its' historical high. Re-markedly the equity markets rallied on a consistent basis thereafter and there wasn't a Recession. The 2008 market collapse, in contrast, preceded a severe Recession that lasted for several years. Our attention focuses on the current market and the economy and what events could curtail or limit an economic downturn. Other topics include: "Oil rout casts a pall over US markets", Steel tariffs hit major projects, "Trump's frustration with Mnuchin", Small mortgage firms downsize and quit, Trump plays Chinese checkers, US dollar rallies, VPLM update, The most deplorable and dangerous man in America demands a petition to deport and Catch & Release is no longer US migrant policy. "Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."
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