Stoever Glass & Co., Inc.
Phone: (212) 952-1910
P: (800) 223-3881
The Markets (as of market close October 12, 2018)
Despite a surge at the end of the week, stocks plummeted last week. Each of the benchmark indexes listed
here lost value, led by the small caps of the Russell 2000, which fell over 5.0%. The S&P 500, which
rebounded last Friday, suffered through its biggest two-day decline last Wednesday and Thursday since
early February. The Cboe Volatility Index shot to its highest level since late March last Thursday as trading
volumes soared. The cause of the latest stock dump is hard for analysts to determine, and may be due to a
combination of the trade conflict between the United States and China, a weakening global economy, and
rising interest rates. As investors moved from equities, some money was pushed to bonds, driving
long-term bond yields lower as prices rose.