Trump Trade War Show Continues… Last Friday, President Trump responded to retaliatory tariffs by the Chinese by raising the tariffs he’d already declared, and ordering companies doing business in ...
Week In Review – August 19 2019
Recession Fears Drive Equities Lower... The inverted yield curve and heightened trade war rhetoric raised investor fears of a recession, leading to losses on Wall Street. What it means – There ...
Week In Review – August 12 2019
Risk: Investors seemingly ignore market conditions… At first blush, the stock market looks to be in an unending rising trend. With slowing global economies, corporate profits before taxes haven’t ...
Week In Review – August 5 2019
The U.S. Created 164,000 Jobs in July... The number was just above the expectation of 150,000, but the Bureau of Labor Statistics (BLS) cut the jobs numbers in May and June by 41,000. What it means ...
Headwinds Building
While President Trump recently stepped across the invisible line called the DMZ, the economy crossed its own invisible line. At 121 months, the current economic expansion is the longest on record. It ...
Week In Review – July 15 2019
Fed Minutes and Chair Testimony Point to Lower Rates… Fed Chair Jerome Powell testified at the House Banking Committee and the Fed released the minutes of its latest meeting. Both emphasized greater ...
Week In Review – July 8 2019
The U.S. Economy Created 224,000 Jobs in June… The jobs number was well ahead of the consensus estimate of 165,000. Unemployment ticked up from 3.6% to 3.7%. What it means – Everyone who claimed ...
Teeter Totter Market
At the End of Q2 2019 – May was another month of dashed hopes as stocks flirted with prior highs but, exhausted, declined all month. June rallied on the hope that the Federal Reserve would provide the ...
Week In Review – July 1 2019
Dallas Federal Reserve Manufacturing Survey Drops to Three-Year Low… The survey’s general activity index was expected to rebound from -5.3 to -1.0. Instead, it fell further to be -12.1. What it ...
Week In Review – June 24 2019
Federal Reserve Holds Rates Steady, Indicates Rate Cut This Year… The Federal Reserve changed its description of the U.S. economy and gave an updated estimate of rates, implying two rate cuts by next ...