Friend U.S. Stocks Plunge Following Dismal Manufacturing Report | Tradinggods.net

[TradingGods.net Logo]     ****Advertisement*****   [Join an exclusive community who found a better alternative to stocks]( Is art a good investment? Billionaire investors like Steve Cohen and David Geffen certainly think so. With double-digit returns in 2018, art was called "the best investment of 2018" by WSJ. Masterworks is an exclusive platform that gives investors direct exposure to blue-chip art by selling shares in paintings by Andy Warhol, Claude Monet, etc. [Limited investor spots are available - request membership today.](    *****Advertisement*****   Dear Trading God Friend  Stocks plummet as attention shifts to economic data. The U.S. stock market declined sharply on Monday, as investors gave back some of last week’s record-breaking rally.  All of Wall Street’s major indices finished with heavy losses on Monday. The Dow Jones Industrial Average (DIA) plunged 264.46 points, or 0.9%, to close at 27,786.95. The blue-chip index was off by as much as 269 points.  The broad S&P 500 Index (SPY) declined 0.9% to 3,114.19.  Meanwhile, the technology-focused Nasdaq Composite Index (QQQ) finished down 1.1% at 8,567.99.  A measure of implied volatility known as the CBOE VIX (VXX) surged on Monday, reaching its highest level in two-and-a-half months. The so-called “fear index” peaked at 15.27 on a scale of 1-100 where 20 represents the historic average. It would eventually settle at 14.32, having gained 13.5%.  In economic data, the U.S. manufacturing sector contracted in November for the fourth consecutive month, marking one of the longest skids since the 2008 financial crisis.  The Institute for Supply Management’s manufacturing purchasing managers’ index (PMI) fell to 48.1 in November from 48.3 the month before.  “Global trade remains the most significant cross-industry issue,” said Timothy Fiore, who chairs ISM’s manufacturing survey. “Among the six big industry sectors, Food, Beverage & Tobacco Products remains the strongest, while Fabricated Metal Products is the weakest. Overall, sentiment this month is neutral regarding near-term growth.”  Separately, the Commerce Department reported that construction spending plunged 08% in October after falling 0.3% the month before.  The Final Word: The U.S. manufacturing downturn could impact the rest of the economy as we head into an election year. ISM’s numbers suggest the U.S. economy is on track to expand just 1.5% annually.   We'll talk soon,  Dan  Dan The Trading God      *****Advertisement*****   [We Found $210,000 In Gains In October]( We'll Top That In November! Savvy traders know that the holiday season is anything but a slowdown for highly profitable trades - if you know where to find them. Use Options to manage your risk and the massive computing power of AI to find profitable trades, see trend changes up to 3 days beforehand with up to 86% accuracy whatever the market conditions. [FREE Options eBook + LIVE TRAINING](  *****Advertisement*****  [Ridgeline Media Group LLC BBB Business Review]( Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,]( [Terms of Use,]( [Privacy Policy]( before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email.  If you no longer wish to receive our emails, click the link below: [Unsubscribe](  Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States Media Group, LLC/html