Stocks endured significant volatility last week but showed some resilience Wednesday, August 7, when the S&P 500 Index dropped as much as 2% intraday before rallying back late to close slightly positive. Stocks ended the week near flat, putting the S&P 500...
The equity markets struggled in the week ending Thursday, August 8, weighed down by currency related trade uncertainty after China retaliated against new tariffs by devaluing the yuan. Several central banks cut interest rates, adding pressure on the Federal Reserve...
ECONOMY: CONSUMERS PROPEL U.S. ECONOMY IN JULY Consumers showed signs of strength in July’s U.S. economic data. Leading indicators fell month over month for the first time in 2019. Still, the Conference Board’s Leading Economic Index (LEI) rose 1.6% year over year in...
KEY TAKEAWAYS Last week’s stock market slide begs the question whether this August will fit its historical pattern of seasonal weakness. With the latest escalation of trade tensions, investors should be prepared for more market volatility this month. Other keys for...
KEY TAKEAWAYS The Fed cut interest rates for the first time in 10 years. Economic data still doesn’t warrant a cut, but U.S. businesses need a confidence boost. This rate cut will likely not be a one-and-done event. Click here to download a PDF of this report. The...
