Global selloff. Quick comeback.
Market Update 08/12/2019
Market Update 08/05/2019
Tariffs strike again. The Federal Open Market Committee completed what it called ‘a mid-cycle adjustment’ with a quarter-point rate cut last week. Some investors were unhappy when Fed officials implied there would not be another reduction this year. They’d been hoping for at least one, reported Barron’s.
Market Update 07/29/2019
It has been said there are two sides to every story. Just look at world financial markets. Stock markets and bond markets are telling very different stories. The Markets In the United States, stock markets were blue ribbon winners last…
Market Update 07/22/2019
Did last week mark the start of a new policy for the Federal Reserve? The U.S. Federal Reserve has a reputation for providing little transparency about the timing and direction of potential rate changes. That reputation was challenged last week.…
Market Update 07/08/2019
What will the Federal Reserve do now? There was unexpected economic news last week. On Friday, the Bureau of Labor Statistics announced 224,000 new jobs were added in June, which was more than analysts had anticipated. The gains were offset…
Market Update 07/01/2019
In the infamous words of Mortimer Snerd, “Who’d a thunk it?” After U.S. stocks dropped sharply during the last weeks of December 2018, investors were not optimistic about the future. Early in January 2019, the State Street Investor Confidence Index…
Market Update 06/24/2019
Everything went up – and that’s unusual. Randall Forsyth of Barron’s explained, “Like our major political parties, the stock and bond markets seem to live in two different worlds these days. The former sits at record levels, suggesting we live…
Market Update 06/17/2019
Are we on the cusp of change? The United States is doing quite well. Randall Forsyth of Barron’s reported: “…the U.S. economy and stock market both seem to be doing better than OK, thank you, as the expansion and bull…
Market Update 06/10/2019
Surprise! It was a great week for markets. Since the U.S.-China trade conflict resumed in early May, investors have been off balance. The possibility of escalating tariffs on Mexico heightened economic uncertainty. Then, last week’s unemployment report arrived with less…