Switzer on Saturday

Stocks were looking good until the bond market screamed recession!

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,502.32
-460.19
-1.77%
-1.34%
S&P 500
2,800.71
-54.17
-1.90%
-0.77%
NASDAQ
7,642.67
-196.29
-2.50%
-0.60%
ASX 200
6,195.20
28.00
0.45%
0.32%
Data for week commencing 18 March 2019

It’s a testing time for the stock market and it’s linked to weak economic data out of Europe, some unhelpful tariff references from President Trump and bond market moves that again make many think a recession is out there waiting to happen.

It look likes the market’s first negative reaction to the Fed’s ‘no more rate rises this year’ message might be more sensible than Thursday’s, when a rethink brought back buyers and bulls ruled. Overnight, the bears were growling and ahead of the close the US market looked poised for one of the worst days for 2019.