Group 2

Last Week: It was the headline Olympics last week, with Putin, Mueller, Powell, and Trump competing for medals. Putin failed to make the podium, despite boasting of a new generation of “invincible” nuclear -capable Russians weapons. Mueller earned the bronze medal, with a flurry of recent activity, including expanding the investigation into possible ties between the United Arab Emirates and the White House. The silver medal went to Fed Chair Jerome [...]

Last Week: Even though the S&P eked out a modest gain, the almost minute by minute focus on interest rates has certainly made the stock market ride quite bumpier. In the chart below, the top panel shows the S & P 500 and the bottom panel the yield on the Ten-Year Treasury. On Tuesday morning, yields were up and stocks down. The next big move came on Wednesday after the release [...]