Stock Market Today: November 12th - 16th, 2018

I think it would take some bad news to push it below 2640 level, otherwise I believe buyers would be stepping in and buying there.

 

Consumer staples XLP is strong, stuff like KO. But there's some struggling stocks in there too like MO.
It's a battle in there, just like the market at large.
But don't want to see consumer staples leading this market if you're a bull.

Maybe I'm trying to talk myself into shorting KO at the top haha.

 

Another tough day for FB

 

Yeah bonds yields lower today, high dividend sectors like utilities, real estate, and staples mostly doing well

 

Relative strength of KO, perhaps it's time for a pullback.

 

Speaking of staples, I didn’t know the merger of Dr Pepper and Keurig until now

 

looks rangebound today

 

Fed's Clarida says central bank getting closer to neutral and should be 'data dependent' on more hikes

• Federal Reserve Vice Chairman Richard Clarida said the central bank's benchmark short-term rate is getting closer to a "neutral" level.
• The distinction is important for the Fed as it moves to a policy that is neither restrictive nor stimulative.
• In a CNBC interview, Clarida also said the U.S. economy is in good shape though pockets of the world are "slowing."

https://www.cnbc.com/2018/11/16/fed...-data-dependent-mode-now-with-rate-hikes.html

All of the sudden the FED now seems to be a little more dovish Lower rates and weaker dollar today probably helping the market a little bit today.