The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- The S&P 500 fell 4.1 percent for the week, but rallied on Friday following a six-day losing streak.
- European stocks had their worst week since Feb., down 4.8% on concern about corporate earnings.
- In the third quarter of 2018, global output of oil and other petroleum products reached a new high of more than 100 million barrels.
- US bond yields moved in line with US stock prices for most of the week — down then up.
- The US dollar dipped but remains relatively high vs. most major currencies.
Important Information
Aldwin Callen's wealth management may provide you information about its products and services through this material. The information presented here may not be appropriate for all investors, and there are risks associated with making an investment based on the ideas presented.
This document may contain information regarding Aldwin Callen' brokerage and investment advising services. We encourage clients to speak with their Aldwin Callen representative about the products and services they are considering and to clarify any questions they may have about the distinction between brokerage and investment advisory services, including the obligation to disclose conflicts of interest and act in their best interests.
Aldwin Callen may hold a position for itself or one of our other clients that is inconsistent with the information, opinions, estimates, investment strategies, or viewpoints contained in this paper. Aldwin Callen or its affiliates may maintain a stake in or operate as a market maker in any of the financial instruments discussed herein, or act as an underwriter, placement agency, advisor, or lender to such issuer.
© 2018 Aldwin Callen. All Rights Reserved.