With top-tier central bank meetings in the rearview mirror, the spotlight returned to global trade this week, though OPEC announcements that drove oil prices sharply higher…
Macro Market Movers
Market Update | June 22, 2018
LEI continues to support a strong economy. The Leading Economic Index (LEI) jumped 0.2% in May, after being up 0.4% each of the past two months…
Dow Makes a Snowman in the Summer Heat
The Dow is officially down 8 days in a row for the first time since March 2017. Should it finish in the red today, that will tie its longest losing streak since 1978…
Summer Slump or Summer Sizzle?
If all you saw were the headlines you might think that “trade wars” or “a flattening yield curve” was pushing equities to the brink of a new bear market as the U.S. economy teetered on recession…
Market Update | June 21, 2018
Trade policy update. After being hit to the tune of ~$240 million by U.S. tariffs, India ratcheted up tensions overnight when it retaliated with tariffs of its own on a wide range of U.S. imports…
Markets Take Central Bank Announcements in Stride
Three of the world’s most influential central banks met last week—the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of Japan (BOJ).
Market Update | June 20, 2018
Tariff headlines versus implementation. While trade headlines have garnered a lot of attention, and roiled markets in some instances, it’s important to reiterate that neither side wants a trade war.
No Cap In Sight for Capex?
Capital expenditures help increase productivity, and improved productivity is the foundation upon which developed economies can sustain higher growth rates.
Market Update | June 19, 2018
U.S.-China update. While it is often said that no one wins in a trade war, in the off chance it escalates to that, the U.S. has a few important advantages.
Weekly Update 6/15/2018 – Central banks overshadow U.S.—North Korea summit
Overseas, developed markets finished near flat, while the MSCI Emerging Markets Index tumbled more than 2% as trade fears and higher U.S. interest rates.