W. Edward Newton Jr., CFP (R) | 13850 Ballantyne Corporate Place, Suite 500 | Charlotte, NC 28277 | 704-552-8689

 

2nd Down Week, Dow Down 1,100+ Pts, All Majors Down 3-4%, a Buying Opportunity?
for Week Ending 10/12/2018

 

In a 2nd down week, Friday's rally couldn't offset the major sell-offs Wed. & Thr., amid rising interest rate worries. For the week the Dow lost 1,107 pts or -4.19%, the S&P fell 113 pts or -3.93%, while the NASDAQ slid 291 pts or -3.74%. Interest rate concerns, bond yields moving up & the 10-year Treasuries above 3.25%, have been the catalysts. With strong US economic data moving into Q4, this could be a buying opportunity. Have a good weekend! Ed

 



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Regards, W. Edward Newton Jr., CFP (R)

Certified Financial Planner

 

 

 

 

W. Edward Newton Jr., CFP | Certified Financial Planner

13850 Ballantyne Corporate Place, Suite 500 Charlotte, North Carolina 28277 Phone: (704) 552-8689 | Email: ed@newtonwealthmanagement.com