November 2018 saw big falls for Oil with WTI down 22% and Brent down 20.8%. Equities turned largely positive after a disastrous October with the S & P 500 up 2% and NASDAQ 100 up 0.5% during November. Asia was positive too with the Hong Kong HSI Seng Index up 6.2% and the Japanese NIKKEI up 2%. European Stocks performed badly though with the German DAX down 1.7% and the Portuguese PSI down 3.1%. The biggest loser was Bitcoin, down 37% during the month.
What a month October 2018 has been for the global equity markets. The U.S. Equity market had its worst month since the financial crisis, with the S & P 500 falling most in a single month since February 2009 and the Nasdaq 100 falling most in a single month since October 2008.
We had a total of 15 posts (including this one) in September 2018, the fewest since January 2018 (the month this site launched). Hopefully, October 2018 will be different and we should post more often. We will also trail a new Monthly Highlights in October. Here are highlights from September 2018,
1. Alphabet (the parent company of Google) spent the most as a company on lobbying. Facebook’s spend on lobbying increased 5500% since 2009. They spent most lobbying on changes to … data privacy (Click here to read).
2. This is what has happened to the unemployment rate in the US four to eight months before every recession since the 1940s and why it matters now (Click here to read).