U.S. stocks ended the longest winning streak in 18 months yesterday amid renewed concerns about slowing global growth and an escalation of trade tensions. Treasuries advanced. The S&P 500 fell for the first time in nine sessions as the Trump administration threatened tariffs on the European Union and the International Monetary Fund cut its global growth outlook to the lowest since the financial crisis. Multinationals bore the brunt of the selling, with Caterpillar and Boeing dragging the Dow Jones Industrial Average lower. Airlines tumbled along with materials and energy producers. Ten-year Treasury yields fell below 2.50 percent, while the greenback was mixed against major currencies. The Pound dropped as the EU looked set to force the U.K to delay Brexit for as long as a year. Investors remain on edge as the IMF’s latest report on global growth helped renew fears about a slowing world economy just as the U.S. and the EU appeared to open another front in their trade war, all while negotiations with China remain unsettled. Federal Reserve minutes, American Inflation data and a European Central Bank decision later today could add to anxieties or help provide calm.
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For anyone following my Platinum Service it made 110 points yesterday and is now ahead by 290 points for April, having made 1027 points in March, 1013 points in February, 1671 points in January, 2803 points in December, 1541 points in November and 2094 points in October. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points
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