Market Sentiment: 11.14.18
Markets have failed to rally as fears of economic slowdown continue to pull stocks lower. In California, huge fires that broke out continue to rage. The source of the “Camp Fire” in northern California is being placed on PG&E (PCG) after its power line failed near the confirmed location of the start of the fire. While it hasn’t been confirmed that PG&E is at fault, the news has caused nearly a 50% drop in its share price amid concerns of the potentially massive lawsuits that could follow. More concerning are the lives that have already been lost, those who are still missing, and the complete destruction of these towns. Please consider supporting them through prayer and donations.