Weekly Market Recap – September 21st, 2018 In the Markets The months of promised tariffs against China materialized into reality on Tuesday, as the United States put in place a 10% tariff on $200 billion worth of Chinese imports, with a raise to 25% in four months if China does not sit down at the […]
Weekly Market Recap – September 14th, 2018 In the Markets Despite recent tensions regarding tariffs, the major indices rebounded last week as the U.S. and China have agreed to a new round of trade negotiations. On this news, as well as strong performance from the tech sector, the Dow Jones rose 0.9%, the S&P 500
Weekly Market Recap – September 7th, 2018 In the Markets The effects of low level negotiations between Chinese and U.S. officials became apparent as the Trump administration announced intentions to place tariffs on all Chinese goods imported into the United States. Two of the big three indices reacted strongly as the S&P 500 dropped 1%,
Weekly Market Recap – August 31st, 2018 In the Markets On Monday the U.S. and Mexico reached a bilateral trade deal as former NAFTA members have turned to separate trade discussions. Similar negotiations between the U.S. and Canada did not reach an agreement by weeks end, but plan on resuming talks in September. The trade
Weekly Market Recap – August 24th, 2018 In the Markets In a week light with commodities news, the USD strengthened through the 15th before dropping off to end the week, with dollar index futures falling 0.96% on the week. Low level trade discussions between U.S. and Chinese officials were uneventful, leaving the world to wait
Weekly Market Recap – August 17th, 2018 In the Markets After a breakdown in discussions two months ago shifting the focus to retaliatory tariffs, U.S. and China trade negotiations reopened last week. Reported meetings between low-level officials are setting up a scheduled meeting between President Trump and President Xi in November. Additionally, after inducing panic
Weekly Market Recap – August 10th, 2018 In the Markets The Turkish lira plunged last week amidst rising inflation and tensions driven by rising global interest rates. The lira fell to record lows as the nation sits on the precipice of financial crisis. The lira freefall led to ripple effects across a variety of markets,
Weekly Market Recap – August 3rd, 2018 In the Markets Interest rates remained unchanged following the Fed\\\’s Wednesday meeting, although the central bank did change its description of the economy from solid to strong, possibly pointing to two additional rate hikes this year. The USD strengthened on the news, climbing 0.53% up to 94.961 on
Weekly Market Recap – July 27th, 2018 In the Markets The U.S. GDP posted a 4.1% growth in the second quarter, the strongest performance since 2014. While this increase could be attributed to foreign companies buying U.S. goods before potential tariffs are put in place, domestic contributors to GDP also posted gains; consumer spending rose
Weekly Market Recap – July 20th, 2018 In the Markets Grains rebounded from last week’s steep drop off, as soybeans recovered 3.66%, corn climbed 4.02%, and wheat rose 3.82%. Oil fell again, with WTI futures down 1.83%, and Brent Crude futures falling 2.81%. Precious metals fell this week, with gold down 0.81% and silver down