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December 08, 2018 – Weekend Market Comment

December 8, 2018 – Dow tumbles more than 500 points, wipes out gain for the year to cap wild week on Wall Street. 

Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones Industrial Average lower by 558.72 points to 24,388.95 and erased its gains for the year. At one point, the Dow was up more than 8 percent for 2018. The S&P 500 pulled back 2.3 percent to 2,633.08 and also turned negative for the year. The NASDAQ Composite dropped 3.05 percent to close at 6,969.25. Shares of large-cap tech companies led the way lower. Facebook, Amazon, Netflix and Google-parent Alphabet all traded lower. Apple's stock also fell 3.6 percent — erasing its gains for the year










100 Series: In Market? Aggressive or Defensive?   
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BEAR MARKET - Technically still green over red, but obviously done. The dark green 50-day average is down 250-day…