Shesa's NOVEMBER 2018 INVESTMENT BLOG
November 2018 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Update Since early October stock markets have been on a mess. There is no respite and downturn continue irrespective of great earnings and strong economy. Of course, there have been some black spots in the economy but volatility in the stock market is astronomically high. DOW Jones has lost 2,483 points off its peak. Both DOW and S&P 500 have given up their gains for the year. NASDAQ is barely on positive side. Many investors could have lost their gains of 2018 and possibly some of 2017. Why is the doom and gloom? There are few concerns: high interest rates, tariffs, the US-China trade war, crashing oil prices, the fading effects of tax cuts and of course missed revenue expectations by major technology companies, particularly by FAANG companies. It’s not only small investors are losing money; Amazon CEO Jeff Bezos has lost over $40 billion since his net worth peaked in September at ...