Good afternoon. One last work day until turkey, followed by football.
After an epic 2017, the three major U.S. stock market indices are trending toward a negative year in 2018, with a return to volatility and puzzling sell-offs after strong — but not astronomical — earnings numbers in formerly stalwart U.S. stock sectors.
Between the lines: Maybe the valuations were a little too hot, or investors were spoiled by double digit returns.
The other side: “This sort of price action is extremely normal,” Peter Lazaroff of Plancorp told MarketWatch. “What was strange was the outsized returns investors have earned in recent years with effectively no volatility.”
Driving the news:
The bottom line: Enjoy the holidays and get some rest. December and 2019 could be a wild ride.
Photo: Paul Zinken/dpa/AFP
Just a pair of adorable giraffes — baby Ella and her mother Amalka — at their enclosure at Berlin's Tierpark Zoo.
It's no state secret that most canned pumpkin doesn't come from erstwhile jack-o'-lanterns, but instead the Dickinson pumpkin, which looks like a giant squash.
But these quotes to the WSJ are well worth the read.
“If you add enough molasses and brown sugar and nutmeg and cinnamon you can probably make cardboard taste like pumpkin pie."— Judy Jernstedt, a plant sciences professor with the University of California, Davis
“I’m sure those butternut squash fans appreciate it, but they’re getting swindled if they want pumpkin... I hate squash... That’s the truth... I have never ever been the hip popular kid on the block."— Pumpkin purist Katheryn Hanson, a competitive baker from Orlando