Amazon and other big tech stocks are being crushed: Here's the simple explanation

Reality continues to rain down on formerly high-flying big tech stocks. Sales growth in 2019 will probably be less explosive than 2018. Blame slowing user growth at the likes of Facebook or more competition for Amazon from the increasingly digitally savvy Target – the fact is the sales growth environment for big tech is taking a turn for the worse.

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  Interest rates and fears of a mounting trade war send tech stocks lower

  TechCrunch
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  iPhone demand worries send ripples through global markets

  Reuters

Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’

‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.

The 5 Best Biotech and Health Care Stocks to Buy for 2019 Now That Congress Can’t Repeal Obamacare

Finally, the political clouds over health care seem to have parted: Split party control of Congress following the midterms means Obamacare isn’t going anywhere, and proposals to curb drug prices are unlikely to pass both houses. “Health care is a defensive growth sector that we think should have a growth upturn over the next five years or so,” says Saira Malik, head of global equities at Nuveen. Marc Pinto, a portfolio manager at Janus Henderson, favors Merck, whose blockbuster immunotherapy treatment, Keytruda, has proved effective for a growing number of different cancers, enabling the pharma company to score a string of FDA approvals for new indications—and sell the drug to more patients.

Closing Bell Exchange: Interest rates most likely have pe...

Dan Suzuki, Richard Bernstein Advisors; Steve Grasso, Stuart Frankel; and CNBC's Rick Santelli, discuss today's big market drop.

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  Santelli Exchange: Excess and distortions

  CNBC Videos
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  Santelli Exchange: Have rates peaked for the year?

  CNBC Videos

Watch out for these 10 ‘retirement killers’

There are plenty of things that can ruin a person’s retirement plans — divorce, illness, job loss, overspending. A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The survey was conducted by researchers from the RAND Corporation and the Max Planck Institute in Munich, Germany.

The 5 Best Tech Stocks to Buy for 2019—When Facebook and Google Are Cheap

“Unless someone convinces me that all of us are going to go back to TVs and radios, I still think digital advertising is a place where the growth will continue,” says Melda Mergen, deputy global head of equities for Columbia Threadneedle Investments. Facebook, for one, is trading at its lowest valuation ever, just 19 times earnings—about the average of the S&P 500 and half as expensive as it was a year ago. “This may end up being one of the last buying opportunities,” says Dan Chung, CEO and CIO of Fred Alger Investments, who owns both stocks.

CEOs are losing faith in the U.S. economy

According to the latest CEO confidence index from trade publication Chief Executive, CEOs now have their lowest confidence in business conditions for the next twelve months since October 2017. Over the weekend, we noted that some strategists have seen the market action since early October as a sign of investors exiting a 2018-type mindset in which strong earnings and economic growth were seen as tailwinds and rising rates just a periphery concern.

Saudi king to open $22.7-billion mining project on Thursday, Al Arabiya TV

Saudi Arabia's King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country's northern region, Al Arabiya TV said, quoting energy minister Khalid al-Falih. Saudi authorities estimate the region holds 500 million tonnes of phosphate ore, around 7 percent of global proven reserves, mainly in the Al Jalamid and Umm Wu'al areas between Arar and Turaif. Saudi Arabia’s efforts to build an economy that does not rely on oil and state subsidies involves a shift towards mining vast untapped reserves of bauxite, the main source of aluminium, as well as phosphate, gold, copper and uranium.

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  US has a secret recording of the murder of Washington Post columnist, Trump says

  ABC News Videos
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  Germany Steps Up Action Against Saudi Arabia And Bans All Weapon Sales

  Yahoo View

Bridgewater's Dalio Expects Low Returns for a 'Very, Very Long Time'

Nov.19 -- Ray Dalio, founder at Bridgewater Associates, says years of low interest rates and quantitative easing have squeezed most of the returns out of U.S. assets. He speaks with Bloomberg Opinion columnist Barry Ritholtz at the Bloomberg Opinion Masters in Business event. Ritholtz's opinions are his own.

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  Ray Dalio says it’s just like the 1930s for investors right now’

  MarketWatch
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  Ray Dalio Says Bridgewaters's Edge Is 'Thoughtful Disagreement'

  Bloomberg

Netflix’s ‘death cross’ is the third for FAANG stocks and Nasdaq Composite is next

Netflix Inc. stock has fallen far enough and long enough to produce its first “death cross” pattern in nearly three years, and become the third member of the former FAANG technology darlings to suffer that bearish technical fate. A death cross refers to when a price chart’s 50-day moving average, viewed by many as a short-term trend tracker, crosses below the 200-day moving average, which many recognize as a dividing line between longer-term uptrends and downtrends.

• FAANGs On the Verge of Bear Market, Is the Trade 'Dead'?

  Investopedia
• Tech shares sell off in Asia after getting slammed on Wall Street

  CNBC

The poster child of bull-market excess just dimmed the prospects of the broader stock market

Investors ought to pay attention to the changing character of the U.S. stock market. Investors may want to prepare now and fine-tune their skills for a different kind of market. Please click here for the chart of money flows in 11 popular technology stocks.

How Retirement Savings Behavior Is Changing by Income, Age and Race

Given that they are living longer, Americans need to be more prepared than ever for retirement, whether that’s in building their own savings in tax-advantaged accounts or investing with a professional financial advisor. Below, we examine data on retirement accounts like 401(k)s and IRAs to see how Americans are adapting to these changes. In order to track retirement savings and retirement account usage, we analyzed data from the Federal Reserve’s SCF (Survey of Consumer Finances) and specifically looked at data from 1989 to 2016.