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

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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
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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
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