Weekly Market Recap

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 production by one …

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 will enforce equivalent …

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 Korea’s denuclearization, and …

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 Un to President …

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 are back on …

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 of the U.S. …

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 U.S. sanctions, especially …

Weekly Market Recap – May 4th, 2018

In the Markets
The 4% mark was finally broken; the April U.S. employment report showed an addition of 164,000 new jobs, bringing unemployment to an 18 year low of 3.9%. Amidst an increasingly tight labor market, wage growth remained slow, up 4 cents in April and 2.6% since this time last …

Announcing the First Weekly Market Recap – April 27th, 2018

In the Markets
To begin 2018, the bullish run of 2017 remained as stocks continued to rise in historic fashion while volatility remained low.  Fast forward to February, and the landscape changed dramatically. Volatility returned to the market with a vengeance, and while it has fallen since the …