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Weekly Financial Update December 14, 2018

Christopher LaPorta

December 17, 2018

Headlines last week added to the volatility for the start of the month, marking the weakest start to a December since 2002. 

Last Monday, the S&P 500 dropped towards the 2,600 technical level from which it bounced at the start of the year. After reaching its weekly high on Wednesday afternoon, the index retraced its steps back to close the week at 2,600, down -1.3%. 

The decline can be attributed to a few factors, including weaker-than-expected economic data in China. Following a meeting between President Trump and Democratic congressional leaders, concerns about a potential government shutdown also seemed to weigh on sentiment in the second half of the week.

Read our Weekly Financial Update for more including U.S. consumer prices and retail sales results from November and information about trade tensions with China.