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  • Apple Stock Drops To Three-Month Low On Dim Outlook By Suppliers

    Apple’s stock fell more than 4% today, reaching its lowest level in nearly four months, after key suppliers cut their forecasts citing reduced orders from a major customer. Lumentum Holdings, a supplier for 3D sensors used in Apple’s Face ID technology, and screen maker Japan Display, both lowered their outlooks because of weaker demand. Suppliers don’t tend to name major customers in their reports, but analysts have concluded that the two companies revised their numbers…

  • European Stocks Crash To 2-Year Lows

    While US is grabbing the headlines as the hedge fund hotels and momentum darlings of the last 10 years have suddenly collapsed, European markets have been a bloodbath longer and that pain is accelerating rapidly... As Bloomberg reports, The sell-off in European stocks has been so violent that Guillermo Hernandez Sampere, head of trading at the German asset manager MPPM EK, now spends half his working day on the phone with fearful clients. “So much pain, the market is killing us,” he said by...

    Zero Hedge
  • Why Bank Of America Expects Stocks To Hit "Big Lows" In The Next Few Months

    Late in January, just as the market was enjoying an unprecedented melt-up ahead of the February VIXplosion which sent the S&P on its first of two corrections in 2018, Bank of America published a warning report, titled "Our Sell Signal Was Triggered On Jan 30, S&P 2686 Is Next" in which chief investment strategist Michael Hartnett explained why he was convinced that a drop as much as 12% was imminent in the coming weeks. He was spot on, with the S&P tumbling within days, hitting hit...

    Zero Hedge
  • Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

    Mortgage rates are falling sharply, as investors head to the relative safe-haven of the bond market. The average rate on the 30-year fixed has fallen 21 basis points in the past week to 4.73 percent today, according to Mortgage News Daily.