Jessica Menton
speaker
431 appearances
12 recordings
1 series
first heard Nov 2018
last heard Apr 2019
Jessica Menton’s voice in public audio — every appearance, attributed to the second.
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Appearances
That was the second round.
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So there were expectations to see gyrations, but they think things could potentially level out here in a couple of weeks once those seasonality factors end up coming into play.
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It was interesting around midday earlier, we had already had those movements coming in following Thursday's losses in energy.
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But then it seemed more broadly after those comments about China.
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And it's sort of brought down a lot of those trade sensitive sectors like materials, industrials.
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And even technology, because they do have so much exposure to China, especially when you think about the big FANG names, the tech names.
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When you think about those sort of tech products that have the components that go into them, they do have exposure overseas.
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So that was a big part of the driver heading into the weekend of those sectors.
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Now that we're at the end of the week, it seems like so far ago that that happened.
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And I think the reason is because things came in as expected.
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People were going in wondering, OK, are the polls signaling us in the correct outcome?
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And it ended up coming out.
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And I think that's why we did see that's up there.
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And to mention, this is the second week in a row.
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that all three major indexes ended higher, and that's following October's volatility.
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So it's going to be interesting to see going forward in November how stocks continue to perform, especially with the retailers coming up in the next couple of weeks like Walmart, Target, Macy's.
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It's going to be very crucial, especially when they're giving their outlooks ahead of Black Friday, Cyber Monday, things like that.
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It was expected that they weren't going to raise rates at that meeting, but they were going to in December.
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And then there's obviously that outlook, what is going to happen in 2019?
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I talked to a few economists this week, and as they were parsing through the statement, there were some clues that were a bit dovish, meaning they might not be as aggressive next year as far as the rate hikes are concerned because of certain business investment just didn't seem to be quite as strong there.
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Showing 361–380 of 431 · page 19 of 22
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