The market hasn't slowed the economy, #Trump has. However, it may not encourage the Federal Reserve. If mass tariffs on autos and electronics is unveiled, it will not just slow the US economy, but it will cause inflation which will force the Federal Reserve to raise rates despite a slower economy. Trump is doing himself no favors if he wants the Federal Reserve to stop the rate hike. This scenario can point to higher rates and a slowing economy with inflation. Sadly, a businessman should know this.

Sadly, I think the market is hopeful somehow the Democrats will stop Trump from destroying our International free trade. It is sad to watch a so called businessman do so much harm to our economy. It is fortunate the Republicans at least got him to sign a tax cut, but it will not wash away the bad ramifications of his taxation of imported goods, a lot of which is imported in order to fuel our value added economy. It is a case of pinching a penny which costs you a dollar.

The one thing he is right on is taxing (tariffs are just that) just China does nothing. It just shifts production to other even lower cost nations with worse environmental laws. Eventually, labor will not be a factor as production slowly ramps towards automation. It is unfortunate this is not yet the case. If it was the US might be able to effectively bring back mass production, although few jobs will be created at a very expensive cost. Unfortunately if this was the case China would also not be losing its mass production to SE Asia. Then the focus on China would make much more sense.

As with all things, FANG stocks are not all the same and thus need to be valued and treated differently. Indeed Facebook is a dump. If you are concerned about growth and perception then you may wish to avoid Amazon although you are probably exposed to it in your mutual funds anyways. Netflix has nothing to do with the author's premises, but is a bit rich in valuation. And Google is indeed a giant company and is one reason why I think you should acquire it on the pullback rather than dump it because it's too strong. Google's valuation is also more decent than most of the rest. As for those that dump Apple into FAANG, Apple is a potential value play here although growth is a concern.

Agreed these are 3 stock there is no reason to hold. Why take additional risk when there are a lot better more valuable stocks you can buy in this slide?

The current market issues are not the Federal Reserve as much as Washington's. The Federal Reserve is just appropriately reacting to rising inflation risks driven mostly by worries over commodity price increases and tariffs. Certainly rates as low as they are now are not going to cause a crisis although it does cause discomfort.

I don't thing the Federal reserve will keep raising rates as aggressively as they are now and have indicated they will not next year. I agree that the Federal should and will give pause after this year and I think they would have already if political considerations weren't raised and certainly if the threat of tariff inflationary pressures dissipated. We will see what happens as it happens.

That said, every trade has not done well recently, however, this is normal given almost every trade went right for the last several years. Those in the market should stop their whining unless they want to see what a real down cycle looks like.

Sadly the US is driving a lot of global trade towards China due to our International policies of playing hardball with our allies. The worst is our decreasing relations with Europe which is increasingly buying direct from Asia now which will hurt our US band name products and our margins.

Sadly, next year compared to this year's growth rates won't look very good. The only major hope is that trade wars cease and interest rate increases slow. Sadly Washington has politicized tech so much that this growth driver is also under threat.

The drop in housing prices is a welcome relief for many. Although it is not great for homeowners, it helps those who are not and adds to discretionary income going into the economy. It is hoped that eventually wages and incomes will make housing more affordable leading to renewed invigoration in this sector. Without this, non-investment demand will keep waning. Greed is not good for this sector. It leads to the types of declines in the last downturn.

The good news is, as is, most of those owning homes are better off this time than in the last downturn and until defaults rise, we aren't going to hit a housing crisis just because prices have weakened.

Those that celebrate not wanting more tend to be those who end up with more savings. It is not only something to be grateful for not wanting more, but it is a good habit to follow in life as well. Enjoy what you have and enjoy the company of others more than things.

I'd buy into the next year but be cautious thereafter. It really depends on politics sadly,