Financial News and Portfolio Management Discussion through November 24th

US Stocks sank on the fall of oil prices.  The S&P 500 sank 3.8% and the Dow dropped 4.4% for the week.  Internationally, Japan edged down 0.2% and Europe was off 1.0% for the week. The yield on the 10-year Treasury fell to end the week at 3.05%, its lowest level since mid-September, as inflation concerns eased.  Oil prices fell 7.7% on Friday to end the week at $50.42 a barrel, its lowest level in over a year.  Increasing supply, particularly from the US, is intersecting with weaker global economic growth to drive down prices.

Nissan’s chairmen and auto industry titan, Carlos Ghosn, was arrested in Japan over allegations he under reported his pay.  He has been removed as chairmen due to the allegations.

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