Last Week: My commentary from the previous week finished on an upbeat note, “The tone on trade improved over the weekend after President Trump said that Tim Cook made a “very compelling argument” that the tariffs on Chinese imports gave Samsung an edge over Apple....
Last Week: On Wednesday night I got into an Uber and greeted my driver by saying that it was a beautiful evening. “Yes” he responded, “but the 2-10 curve has inverted and there is a recession coming in 18 months”. I’m not joking. That actually happened. The market had...
TDAmeritrade Network Market on CloseImportant Risk Information: Mutual Funds have investment risks including loss of principal. There is no guarantee the fund will meet its objective. In general, the price of a fixed income security falls when interest rates rise....
Last Week: There is much ado about the plummeting interest rate offered by the Ten-Year Treasury. Many experts are interpreting those declining rates at as harbinger of an impending recession. It’s interesting to take note that we have seen this pattern twice before...
The S&P 500 Total Return Index gained 4.3% for the quarter and is up 18.5% for the year. The Barclays U.S. Aggregate Bond Index gained 2.4% for the quarter and is up 4.7% for the year. Markets responded to the potential progress in trade negotiations and the...
Last Week: The first movement of August 2019 sounded like a reprise of the atonal first stanza of October 2018, with Fed and Trade policies combining to hurt the ears and wallets of investors. On Wednesday the Fed delivered a 25-basis point reduction in the target...
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