Weekly Market Recap
Weekly Market Recap – July 13th, 2018
Weekly Market Recap – July 13th, 2018 In the Markets Last week NATO leaders met in Brussels, focusing on member nations’ commitments to increased military spending. Tensions were high going into the summit, as President Trump had questioned the usefulness of the alliance, but that sentiment shifted following the summit, with President Trump maintaining belief
Weekly Market Recap – July 6th, 2018
Weekly Market Recap – July 6th, 2018 In the Markets On July 6th, the Trump administration’s first round of tariffs against China went into effect. These tariffs, effecting around $50 billion worth of Chinese exports, were issued to combat China’s allegedly unfair trade practices, including forced transfer of American technology and intellectual property. The tariffs
Weekly Market Recap – June 29th, 2018
Weekly Market Recap – June 29th, 2018 In the Markets The Trump Administration announced plans to levy powerful sanctions against companies who do not entirely cut Iranian Crude Oil imports by November. This considerably shortened the previous timetable, which required companies to cut 20% of their imports every 180 days. Now these companies must cut
Weekly Market Recap – June 22nd, 2018
Weekly Market Recap – July 22nd, 2018 In the Markets This week, leaders from OPEC member nations met in Vienna, Austria to discuss increasing oil production. On May 22nd, when oil prices were on a strong bullish rally, with WTI futures reaching $72.9/bbl and Brent futures eclipsing $80/bbl, Saudi Arabia and Russia leaned towards raising
Weekly Market Recap – June 15th, 2018
Weekly Market Recap – June 15th, 2018 In the Markets The week ended with a substantial development in the U.S. China trade conflict, as the long rumored tariff skirmish materialized into reality with the Trump administration announcing a 25% tariff on $50 billion worth of Chinese imports. China was quick to respond, stating that they
Weekly Market Recap – June 8th, 2018
Weekly Market Recap – June 8th, 2018 In the Markets Last week ended with the Charlevoix G7 summit in La Malbaie, Quebec, as Italy, Germany, France, Japan, and the U.S. joined Canada for the 2 day conference. The summit ended with a 28 point joint communique covering a wide range of issues including trade, North
Weekly Market Recap – June 1st, 2018
Weekly Market Recap – June 1st, 2018 In the Markets The highest-ranking North Korean official to visit the United States in 18 years touched down in Washington, D.C. last week. Kim Yong Chol, regarded as Kim Jong-un’s right-hand man, met with Secretary of State Mike Pompeo on Thursday before delivering a letter from Kim Jong
Weekly Market Recap – May 25th, 2018
Weekly Market Recap – May 25th, 2018 In the Markets President Trump called off the June 12th summit with North Korea on Thursday. Following this announcement, South Korean president Moon Jae-in met with North Korean Leader Kim Jong-un on Saturday, and it appears that for the time being, the meetings between U.S. and North Korea
Weekly Market Recap – May 18th, 2018
Weekly Market Recap – May 18th, 2018 In the Markets This week brought tension regarding the June 12 meeting between President Trump and Kim Jong Un, as North Korean officials pushed back against any plans that involve unilateral abandonment of their nuclear weapons capabilities. As the historic summit in Singapore inches closer, Pyongyang expressed critiques
Weekly Market Recap – May 11th, 2018
Weekly Market Recap – May 11th, 2018 In the Markets Having repeatedly stated his dissatisfaction with Obama era policies, President Trump officially pulled the United States from the Iran nuclear nonproliferation agreement. With the deal off the table, economic sanctions against Iran are potentially back on. Pending renegotiation, Iran exports could be heavily impacted by