{"id":212,"date":"2019-09-23T00:00:00","date_gmt":"2019-09-23T00:00:00","guid":{"rendered":"https:\/\/www.retirementrefined.com\/index.php\/2019\/09\/23\/markets-snap-3-week-win-streak-on-meeting-cancellation-oil-prices-spike-15-in-1-day\/"},"modified":"2019-09-23T00:00:00","modified_gmt":"2019-09-23T00:00:00","slug":"markets-snap-3-week-win-streak-on-meeting-cancellation-oil-prices-spike-15-in-1-day","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/markets-snap-3-week-win-streak-on-meeting-cancellation-oil-prices-spike-15-in-1-day","title":{"rendered":"Markets Snap 3-Week Win Streak on Meeting Cancellation & Oil Prices Spike 15% in 1 Day!"},"content":{"rendered":"

China Cancels Meeting Sends Stocks Lower<\/strong><\/h4>\n

It appeared the markets were going to close flat for the week after last Thursday, which would have been a positive after 3 weeks of gains.\u00a0 Last Friday, China was all set to meet with farmers in Montana and Nebraska and then decided to cancel\u2026 sending stocks down for the day and<\/em><\/strong> the week.<\/p>\n

For the week, the Dow fell (1.04%), the S&P500 (.49%) and the Russell 2000 lost (1.14%). The International Markets had the same result with the MSCI EAFE Index down (.35%) along with the Emerging Market Stock Index, MSCI EM losing (.45%).<\/p>\n

Bonds reversed course again sending yield down as the 10 Year US Treasury finished last Friday with a yield of 1.75%.\u00a0 As a reminder, we started the year with the 10 Year yielding 2.69%.<\/p>\n

Oil Prices SPIKE! Last Monday<\/strong><\/h4>\n

Wished I had bought \u201cOIL\u201d a couple of weeks ago and sold it last Monday as the price rose 15% in 1 day!\u00a0 That\u2019s a WOW and proves that shocks can happen at any time!\u00a0 Oil had some air released from the current price spike, and finished the week up only about 6%.\u00a0 Certainly the drone attacks on Saudi have made us more aware of how critically important oil remains to our current, intermediate and longer term future.<\/p>\n

I have been getting kind of used to gasoline prices at this level….\u00a0 I certainly hope that these spikes are not frequent and long-lasting.<\/p>\n

Fed Lowers as Expected
\n<\/strong>Had to Intervene in the Money Market<\/strong><\/h4>\n

As widely expected, the Federal Reserve lowered the discount rate by .25% bring the range to 1.75% – 2.00%.\u00a0 In my opinion, the markets have already had this cut and the next rate cut priced in.\u00a0 The current thought or risk is if the Fed does NOT reduce rates further, something very positive would need to happen. Perhaps a trade deal for the markets to not react (at least temporarily negatively) to the Fed not lowering rates further. \"\"<\/p>\n

As always, time will tell!!<\/em><\/strong><\/p>\n

The Fed had to alter their attention last week from just the rate cut debate, to intervening into a segment of the bond market, called the Overnight Repo.\u00a0 This is where companies go to meet very short-term borrowing needs.\u00a0 Apparently there was not enough cash on hand to meet the current borrowing needs, so the Federal Reserve had to pump in some cash to stabilize the money markets.\u00a0 \u00a0As I don\u2019t see this as a significant issue, if it continues, it will be worth paying attention!<\/p>\n

 <\/p>\n

Question of the Week…
\nMedicare open enrollment!\u00a0<\/em><\/strong><\/h2>\n

Open enrollment for Medicare runs annually between October 15th<\/sup> and December 7th<\/sup>.\u00a0 During this period of time, Medicare beneficiaries can change certain coverages WITHOUT <\/strong>having to qualify medically, so the changes are GUARANTEED<\/strong>!<\/p>\n

Which of the following Medicare Coverages CANNOT be changed without qualifying medically<\/strong>? Meaning they are NOT Guaranteed!<\/p>\n

    \n
  1. \n
      \n
    1. Part D Prescription Drug Program<\/li>\n
    2. Part C Medicare Advantage Program<\/li>\n
    3. Changing from Original Medicare to Medicare Advantage<\/li>\n
    4. Changing from Medicare Advantage to Original Medicare<\/li>\n
    5. Changing Medicare Advantage plan to another Medicare Advantage plan.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

      Answer to last week\u2019s question\u2026!<\/em><\/strong><\/h2>\n

      1 barrel of crude oil accounts for how many gallons of gasoline?<\/p>\n

        \n
      1. 30<\/li>\n
      2. 50<\/li>\n
      3. 1000<\/li>\n
      4. 19.5<\/li>\n<\/ol>\n

        The correct answer is #4 — 19.5 gallons of gasoline are produced from 1 barrel of crude oil.<\/strong><\/p>\n

        \n

        \"\"<\/p>\n

        For more information on our upcoming Medicare Workshop at Jefferson Hospital in Voorhees,
        \nCLICK HERE TO LEARN MORE<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"

        China Cancels Meeting Sends Stocks Lower It appeared the markets were going to close flat for the week after last Thursday, which would have been a positive after 3 weeks of gains.\u00a0 Last Friday, China was all set to meet with farmers in Montana and Nebraska and then decided to cancel\u2026 sending stocks down for […]<\/p>\n","protected":false},"author":3,"featured_media":213,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[19,10,6,9,4,22,11,13,5,18],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/212"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=212"}],"version-history":[{"count":0,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/213"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}