U.S. markets settled higher to end the week and for the first time in 3 Friday sessions but closed lower for the 3rd-straight week as the continued gains weren’t enough to offset the midweek selloff. Momentum held throughout the session after President Trump said a call is planned with China's President Xi, soon.The steepening in the U.S. yield curve was likely a more important catalyst the...
Continue reading >>
With all eyes on U.S.-China trade, these macro risks are underexaminedU.S. equity investors have had plenty to worry about in August, with an escalating U.S.-China trade spat and a brief inversion of a key yield spread helping to send stocks to their worst performance in the first half of a month in 2019.The Dow Jones Industrial Average is down 3.7% on a month-to-date basis, the S&P 500 has...
Continue reading >>
President Donald Trump held a conference call with the CEOs of the three biggest U.S. banks as the stock market tanked Wednesday.Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat, according to people with knowledge of the situation. The Dow plunged 800 points, or 3%, in its worst day of the year on Wednesday amid a...
Continue reading >>
U.S. markets showed continued weakness on Friday following the breakdown in trade talks with China and possible countermeasures if the U.S. was committed to putting more tariffs on Chinese goods. The overall pullback wrapped up the worst week of the year for the major indexes with mid-June support levels back in focus. Volatility also spiked to its highest level since early May but held a major...
Continue reading >>
...
Continue reading >>
...
Continue reading >>