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Blood Bath
The Market Bull 2018

 
 
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The Market Bull – December 4, 2018

The trade war truce was supposed to goose stocks and the markets in to next year. One little bump and today a blood bath with the major averages marking 3%+ losses. While the yield curve briefly inverted on Monday it has come painfully close multiple times in the last few months.

Recent data on the Bay Area real estate markets shows a number of troubling trends. Sharp jumps in inventory for sale over the last 4-months has seen inventory essentially double.

Price cuts on existing listings have also grown dramatically in the last 4-months.

With inventory up sharply price cuts are inevitable. The median asking price peaked in May at $1,369,200 and has since fallen by $132,100 or by nearly 10% from the peak, to $1,237,100. Compared to November last year, the median asking price dropped by $71,200 or 5.4%. Thanks to WolfStreet.com for the Charts.

Standard and Poors 500 Index closed at: 2,700.06 down 90.31
NASDAQ finished the day: 7,158.43 down 283.09
Gold ended trading at: $1,243.60 down 3.00

This is Caleb Lawrence Registered Investment Adviser I can be reached directly 831-334-5318 or stop by my office 5321 Scotts Valley Drive in the Scotts Valley Plaza, Suite 202, Scotts Valley, Ca, 95066.

Additional writings, and other entries are also available on my Blog at www.clinvestments.com

Advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.

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