Weekly Market Recap – July 5th, 2019 In the Markets As the shortened week marked the United States’ 243rd birthday, President Trump’s meeting with Chinese leader Xi Jinping at the G20 summit in Osaka yielded progress as China and the U.S. agreed to suspend new tariffs and renew negotiations. Additionally, the June employment report showed

Weekly Market Recap – June 28th, 2019 In the Markets Through Wednesday, the S&P 500 dropped 1.24%. A late week rebound, however, resulted in a weekly loss for the index of just 0.29%. With optimism surrounding G-20 summit meetings between President Trump and President Xi, as well as expected rate cuts, the S&P 500 posted

Weekly Market Recap – June 21st, 2019 In the Markets In its June meeting, the Fed left interest rates unchanged, sharing that rate cuts are on the horizon. The dovish fed policy, echoed by ECB President Mario Draghi, showed a trend of global rates coming down. In the wake of these financial policy announcements, equity

Weekly Market Recap – June 14th, 2019 In the Markets Equities remained stable this week as the U.S. and Mexico reached an agreement to avoid the proposed tariffs on all imports from Mexico. The markets were also bolstered by continued expectations regarding a Fed rate cut, as well as optimism surrounding U.S.-China meetings at the

Weekly Market Recap – June 7th, 2019 In the Markets Despite losses in FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) along with a weak May employment report, the S&P 500 posted its best week of 2019, gaining 4.4%. The Dow Jones posted a strong performance as well, up 4.7%, along with a 3.9% gain

Weekly Market Recap – May 31st, 2019 In the Markets The S&P 500 capped off a 6.6% loss in May dropping 2.6% on the week amidst further trade tensions. The week was marred with escalation between the U.S. and China. Chinese state run newspaper People’s Daily warned that China, whose companies mine more than 70%

Weekly Market Recap – May 24th, 2019 In the Markets Several companies joined Google in suspending business with China’s telecommunication company Huawei. Reports indicated that the U.S. is considering more Chinese corporations to join Huawei on the restrictions list. However, Huawei was granted a 90-day reprieve to work with U.S. companies to service existing networks

Weekly Market Recap – May 17th, 2019 In the Markets China increased the tariffs on $60 billion in U.S. imports from a range of 5-10% to 5-25% as a response to recent U.S. tariffs. The move was announced on Monday with a June 1st start date. President Trump responded on Wednesday with an executive order

Weekly Market Recap – May 10th, 2019 In the Markets Equity markets were rocked by the return of tariff discussions to the center stage. The U.S. raised tariffs from 10% to 25% on $200 billion in Chinese imports, with President Trump promising another 25% tariff on $350 billion worth of imports. China promised retaliation, escalating

Weekly Market Recap – May 3rd, 2019 In the Markets The S&P 500 began the week setting all-time highs, with Monday intraday prices less than $0.50 shy of 2,950 on its way to a record close to end April. The index then fell, down 0.76% on the week by Thursday’s close, only to rally on