MONDAY 11/12/18; Veterans Day Observed; OPEC Announces Production Cuts; Oil Rallies; US Dollar Index Strengthens Above 97; Euro 1.12-Handle; Pound Drops to 1.28-Handle on Brexit Drama; Alibaba Singles Day Record $31 Billion Sales; SSEC (China) Gains +1.2%; LL; WB; European and US Stocks Collapse; DAX (Germany) Loses -1.8%; MIB (Italy) Drops -1.1%; President Trump Harpoons the Oil Market Rally; WTIC Oil Prints 58-Handle; SPX Collapses -2%; INDU Plummets -2.3%; COMPQ is Beaten -2.8%; NDX is Bludgeoned -3%; RUT -2%; NYA -1.6%; SOX -4.4%; XLK -3.5%; XLF -2%; XLY -2%; XLI -2%; XLB -1.5%; TRAN -1.4%; XHB -1.3%; Apple Suppliers Crash; AAPL -5%; AMZN -4.4%; NFLX -3.1%

Yesterday was Veterans Day in the States but it is observed today with banks, post offices and the US bond market closed. The US stock market will trade.

[Blog text is redacted. Purchase the Daily Chronology of Global Markets and World Economics 2018-11 that explains the stock, bond and currency moves occurring due to the elections, Fed speak and Jobs Reports. The October 2018-10 publication explains the stock market crash as it occurs in real-time.]