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

Weekly Market Recap – April 26th, 2019 In the Markets The S&P 500 and NASDAQ set new highs closing the week, with the S&P 500 up 1.2%, and the NASDAQ gaining 1.9% on the week. The S&P 500’s gains marked a 17.3% year to date increase as the index approached $2940. This latest rise in

Weekly Market Recap – April 18th, 2019 In the Markets Two of the major indices finished nearly flat on the week, with the NASDAQ up 0.2%, and the S&P down 0.1%. The Dow Jones advanced 0.6% on the shortened holiday week. With earnings reports in full swing, with one third of the S&P 500 having

Weekly Market Recap – April 12th, 2019 In the Markets The International Monetary Fund cut its global growth forecast from 3.5% to 3.3%, while the United Kingdom avoided immediate Brexit repercussions, delaying the deadline to October 31st. The default decision, if nothing changes in the coming 6 months, remains a “No-Deal Brexit”, with no firm

Weekly Market Recap – April 5th, 2019 In the Markets Strong economic news out of the U.S. and China provided a lift to equity markets. The China March Purchasing Managers’ Index (PMI) signified modestly faster growth as it expanded following 6 straight months of mild contraction. Additionally, the U.S. employment report for March showed a

Weekly Market Recap – March 29th, 2019 In the Markets With the first quarter of 2019 in the books, the S&P 500 has posted its strongest quarterly performance in a decade. The S&P 500 finished the week up 1.2% on its way to a 13% gain on the quarter, just 3% off of its all-time