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Aslan Skyrockets (+36.13%), NeuBase Therapeutics Pops (+8%), Hecla Bumps (+2.43%) & Market/Manufacturing Drops – Vista Partners Daily Market Recap 12/2/19

By John F. Heerdink, Jr.
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The broad markets dropped this first trading day in December in a reaction to the ISM Manufacturing Index report for November which confirmed a 48.1% reading vs. a 48.3% reading for October still south of the Mendoza line for expansion and this did nothing to excite the market. The S&P 500 real estate (-1.8%) & industrials (-1.6%) led the march down while the consumer staples (+0.3%) & energy (+0.03%) sectors finished up.

President Trump did his part to cause fear again today as he stated tariffs on steel and aluminum imports from Argentina and Brazil are back in play in reaction to their actions to devalue their respective currencies while the Hong Kong Human Rights & Democracy Act clouded the current perspective views of a successful trade being realized in the near term between US & China.

Economic Reports

On Monday, the ISM Manufacturing Index report for November confirmed a 48.1% reading vs. a 48.3% reading for October still south of the Mendoza line for expansion. The total construction spending report showed a decrease of -.8% month/month in October.

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