Last Week: Once again the market movement seemed to be dictated by the tone of the trade talks. Whereas there were no actual developments, a Chinese request for “calm” in the trade war and the absence of any inflammatory tweets from the White House combined to lift...
Last Week: The twin narrative of a dovish Fed and optimism surrounding a potential trade deal at the G20 spilled over into small cap stocks (hallelujah!) as the Russell 2000 jumped 1.09%. The S&P 500 slipped modestly for the week, but posted its best June since...
Last Week: Curiouser and curiouser. How does this market keep setting new highs? During this past week, decliners and new lows outnumbered advancers and new highs, yet the S&P 500 notched a 0.85% gain and the DJIA surged 2.25% to finally reach new record. The...
Last Week: If the proof of the pudding is really in the eating, then the current economic policy recipe seems to be valid as the US numbers remained terrific with very strong manufacturing and non-manufacturing ISMs, and jobless claims this week were 203,000, the...
Last Week: Goldilocks is still alive and well, as evidenced by the Bureau of Labor Statistics initial report on the labor situation in June, which was neither too hot nor too cold. While the unemployment rate increased slightly from 3.8% to 4.0%, the entire increase...
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