Nervous Wall Street Drives Market Lower

Flash Alert

Dec 27, 2018

Dear Sheryl,

I hope everyone had a nice holiday break! Many of you have had questions following this week's market gyrations, so I've recorded a Special Market Podcast to discuss what's been driving the stock market.

You can listen to today's Special Market Podcast by clicking here.

Here's a brief rundown of what's been happening: Monday's selloff was clearly caused by ETF redemptions. Then the market gave investors a belated Christmas gift on Wednesday, as the Dow surged over 1,000 points when bargain hunters poured into the market and short sellers ran for cover. And considering this massive surge, it's not surprising that we saw a pullback for the better part of today.

As we'll talk more about in today's podcast, I don't think we should overreact to today's pullback. The bottom line is that we're still in holiday trading, and bargain hunting is still happening beneath surface. In fact, more bargain hunting and short covering helped the stock market recover in the final hour of trading today. The Dow closed up more than 200 points.

So, I expect we'll finish the year on a strong note. Remember, our stocks should do particularly well as they tend to benefit from end-of-quarter and yearend window dressing.

You can listen to today's Special Market Podcast by clicking here.

If you encounter any technical issues with playing the recording, please contact my customer service team, and they’d be happy to get you squared away.

Sincerely,

Louis Navellier

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Dec 27, 2018 15:45:13.59

Website: http://www.navelliergrowth.com

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