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Markets gone haywire

| October 12, 2018
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Wow. What a week in stocks...

Trump bluntly criticized the Fed's plans to raise rates. Meanwhile, the stock market made a violent pullback with two days of triple-digit drops in the Dow. Technology stocks, Energy sector stocks as well as Financials took the worst beating.

Two-day performance:

Energy -6.6%    

Technology -6.0%

Financials -5.9%

Mortgage rates jumped to a seven-year high and the Social Security Administration announced that SSI  recipients will get a 2.8% increase in 2019.

October is a notorious month for stocks. The October effect has given us a slap in the face. Investors have enjoyed months upon months of gains. Asset allocation  

 

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