US markets end lower on Friday

23 Mar 2019 Evaluate

The US markets ended lower on Friday on account of profit booking after yesterday's strong upward move. Lingering uncertainty about trade talks between the US and China weighed on the markets ahead of another round of high-level negotiations next week. Beside, traders also continued to digest the Federal Reserve's dovish monetary policy announcement earlier in the week. The Fed's decision to move away from plans to continue raising interest rates this year has been described by some participants as an effort to keep the stock markets afloat amid an expected contraction in first quarter earnings. The central bank has also been accused of bending to pressure from President Donald Trump, who has claimed US economic growth would be even stronger if the Fed had not raised rates last year. Adding to the concerns about the outlook for the economy, the yield on the benchmark ten-year note fell below the yield on the three-month bond, which is seen by many as a reliable harbinger of a recession.

On the economic front, Wholesale inventories in the US increased by much more than anticipated in the month of January, according to a report released by the Commerce Department. The report said wholesale inventories surged up by 1.2 percent in January after jumping by 1.1 percent in December. Street had expected inventories to rise by 0.2 percent. The bigger than expected increase in wholesale inventories was partly due to a 1.6 percent spike in inventories of non-durable goods, which followed a 0.1 percent uptick in December. Inventories of petroleum products shot up by 10.7 percent, leading the way higher along with a 3.2 percent jump in apparel inventories. The Commerce Department said inventories of durable goods also climbed by 0.9 percent in January after surging up by 1.7 percent in December. Meanwhile, after reporting existing home sales at their lowest level in over three years in the previous month, the National Association of Realtors (NAR) released a report showing a substantial rebound in existing home sales in the month of February. NAR said existing home sales soared by 11.8 percent to an annual rate of 5.51 million in February after slumping by 1.4 percent to a revised rate of 4.93 million in January. Street had expected existing home sales to surge up by 3.2 percent to a rate of 5.10 million from the 4.94 million originally reported for the previous month.

Dow Jones Industrial Average plunged 460.19 points or 1.77 percent to 25502.32, S&P 500 declined 54.17 points or 1.90 percent to 2800.71 and Nasdaq was down by 196.29 points or 2.50 percent to 7642.67.

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.