Switzer on Saturday

Is Trump close to a trade deal? Fingers crossed.

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,886.01
306.62
1.20%
-1.53%
S&P 500
2,888.68
41.08
1.44%
-1.03%
NASDAQ
7,895.99
129.38
1.67%
-0.79%
ASX 200
6,405.50
-2.60
-0.04%
-2.72%
Data for week commencing 12 August 2019

What a week! I’ve never had so many media outlets asking me to explain an inverted yield curve! I guess when you link this confusing concept for normal people to the R-word for recession, then you get mainstream media and normal people worried.

And Wall Street was scared as well. On Tuesday, the Dow Jones fell by 800.5 points (or 3.1%), ending the trade near session lows. And it was the biggest fall since October last year. The S&P500 fell by 2.9%, while the Nasdaq lost 242 points (or 3%).