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Stock market news today November 20



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Market chaos will double over the next 3 years — here are
some strategies to help investors stay afloat

most popular gauge of stock-market volatility is set to double
over the next three years,
Bank of America Merrill Lynch
strategists forecast.

The firm examined the historical relationship between the Cboe’s
volatility index (VIX) and the yield curve, which signals more
tumultuous times ahead.

Bank of America further laid out investing strategies that have
historically profited at times when the VIX was rising.

The stock market just erased all of its gains for 2018,
and tech stocks are continuing to get crushed

Wall Street
erased gains Tuesday as high-flying technology companies
plummeted into a bear market
, adding to fears about slowing
growth and trade tensions.

The tech-heavy Nasdaq Composite dropped about 1.6%, nearing
a seven-month low, while the S&P 500 shed 1.7%. The Dow Jones
Industrial Average tumbled more than 2%, or about 500

The so-called FANG stocks — FacebookAmazonAppleNetflix and Google-parent
company Alphabet — slipped
further after on Monday dipping into a bear market, down more
than 20% from June highs. Alphabet’s descent marked its first
bear market in seven years. The FANG+ Index was down about 1.3%

Goldman Sachs downgrades Apple for 2nd time this month,
warns Apple may have ‘miscalculated’ iPhone XR pricing

Goldman Sachs has cut its target price for Apple
for the
second time this month as the stock has taken a beating since the
company reported earnings on November 1.

Apple’s share price has declined over 20% from its October peak,
costing the company over $220 billion in market value.

In the bearish note, Rod Hall and his analyst team said that it
seemed as if Apple “miscalculated on the price/feature balance”
for the new iPhone XR and that Apple’s less-expensive premium
phone might have missed the mark.

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