Your Growth Investor Weekly Update (10/05/18)

6 months ago

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Oct 05, 2018
Dear Sheryl,

While we’re weeks away from Halloween, Wall Street did a great job of spooking itself this week. On Wednesday, Treasury yields hit multi-year highs and continued climbing. As to be expected, this put pressure on the stock market yesterday and today.

Now, money isn’t leaving the stock market. It’s getting reshuffled. Last week’s winners were this week’s losers. On the one hand, the technology sector was hit by profit taking. On the other hand, U.S. refiners rallied on shrinking gasoline inventories. And while domestic small- and mid-caps fell, large multinationals rallied unexpectedly.

As money sloshes around in the stock market, it’s natural to feel a little queasy. However, with what’s coming next, we have to remain focused. In your Weekly Update, I’ll explain what happened this week, and what our strategy is going forward. We also had plenty of news from both Buy Lists, so I’ll brief you on the latest company updates.

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Oct 05, 2018 14:10:09.695



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