I Read The News So You Don’t Have To – Market News (Nov. 13, 2018)

by ogordained

UNITED STATES

• A strengthening dollar is weakening the outlook of corporate earnings
• The Bear/Bull Market Index might be signaling the end of a long bull market
• Small banks are experiencing an uptick in credit card delinquencies, sending rates higher
• Despite low gas prices, truckload hauling rates have skyrocketed
• Futures point to a higher opening today

OTHER

• Defense stocks and REITs are benefiting from a semiconductor selloff spurred by anticipated weak iPhone sales
• Energy firms are likely to slow capital expenditures amid the steep fall in oil prices
• Inflation is going down in India (Actual 3.31% | Expected 3.67%)
  • and industrial production beat expectations (Actual 4.5% | Expected 4.3%)
• The Bank of Japan now hold assets valued more than Japan’s entire economy
• The Euro hit a 16 month low
• France will be allowed to embed civil servants within Facebook to monitor their practices with regard to removing hate speech

CHINA

• Nearly a quarter of Chinese homes are vacant, double the rate of the United States
• The country back-pedalled on plans to allow trading in rhino horns and ground tiger bones
• China-US tensions may be easing ahead of the G20 summit with Liu He, the Vice Premier, planning a visit to Washington