News Article | January 3, 2019 |
Wall Street Journal (January 3, 2019): The dizzying market volatility that hit markets in the fourth quarter continued Wednesday, with the Dow Jones Industrial Average recouping a nearly 400-point loss to finish the first trading day of the year up 19 points, or less than 0.1%.
With few expectations that the dramatic swings will subside soon, given uncertainty over the economic and interest-rate outlooks, many investors are bracing for further turbulence in the coming weeks. The latest jolt could come from lowered sales guidance late Wednesday from tech-giant Apple Inc.
“The market is vulnerable right now,” said Terri Spath, chief investment officer of Sierra Investment Management. “A number of technical indicators have broken down, making it hard to call for any sort of bottom.”