The Markets – November 2018
In November the U.S. stock market was skittish and volatile but managed to finish in the plus column after a post-Thanksgiving rally. The numbers:
- S&P 500 Index: $2,760.17 + 1.79% in November, +3.24% year-to-date
- Dow Jones Industrial Average: $25,538.41 +1.68% in November, + 3.31% year-to-date
- NASDAQ: $7,330.54 +.34% in November, +6.19% year-to-date
Oil, Gold and More – November 2018
Light crude oil prices dropped 21% in November…which shook up oil companies but felt great at the pump. While oil prices plummeted, another fossil fuel soared: natural gas rose 41%.
Meanwhile Coffee (choose your own pun here) ground, pressed or dripped lower.
- Light Crude: $50.72 -21.80% in November
- Natural Gas: $4.64 +41.29% in November
- Gold: $1,227.80 +.70% in November
- Coffee: 107.55 cents pound -7.88% in November
During the Christmas season investors sometimes trade the season’s “hot toy” stocks, hoping for quick profits. This year that strategy may not work. Many of this year’s hot toys are made by private companies, meanwhile a few companies have been hurt by the recent bankruptcy of Toys-R-Us. Among this season’s hot Christmas toys:
We will spare you details of other hot Christmas toys including the Examine and Treat Pet Vet Play Set , (hide the family dog from the recipient of this gift?) or the Baby Alive Potty Dance Baby Doll.
One last hot 2018 Christmas toy: the Hatchimal Mystery. A Hatchimal is a “mystery egg” purchased with no clue what creature lives inside. But it’s all good. “You could hatch a super fluffy Bunwee, Pandor, Hedgyhen or Elefly” says the marketing material. Hatchimals are made by Spin Master (publicly traded, on the Toronto Stock Exchange).
Comment: a well-named company.
Looking ahead to the last month of the year: with razor thin profits year-to-date, the stock market’s performance in 2018 may come down to the next four weeks. As always, the market is a mystery egg. But with seasonal strength possible, the best advice – especially for long-term investors – may be: step in it.
Securities offered through FinTrust Brokerage Services, LLC (Member FINRA/ SIPC) and Investment Advisory Services offered through FinTrust Capital Advisors, LLC. Insurance services offered through FinTrust Capital Benefit Group, LLC. Any views expressed in this message are those of the individual sender, except where the message states otherwise and the sender is authorized to state them to be the views of any such entity. Trade instructions may not be accepted via email. This material does not constitute an offer to sell, solicitation of an offer to buy, recommendation to buy or representation as the suitability or appropriateness of any security, financial product or instrument, unless explicitly stated as such in the text of the email. Past performance is not necessarily indicative of future returns. Performance numbers have not necessarily been independently reviewed or audited and therefore we make no representation as to its accuracy. Any reference to the terms of any contracts should be treated as preliminary only and subject to our formal written confirmation. This information should not be construed as legal, regulatory, tax, or accounting advice. This message (and any attached materials) is for the sole use of the intended recipient(s) and may contain information that is privileged, confidential and exempt from disclosure under applicable law. Any review, dissemination, distribution or duplication of this communication is strictly prohibited. If you are not the intended recipient, please contact the sender immediately by reply e-mail and destroy all copies of the original message. This is an advertisement from FinTrust Capital Advisors.
*FinTrust Capital Advisors, LLC and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.