Will we have a trade truce or will there be consequences? The truth probably lies somewhere in between but it is important to note that consequences can contain both positive and negative elements.
They say records were made to be broken. By one measure, on Aug. 22nd the Dow Jones Industrial Average surpassed the record set during the dot-com era for the longest bull market without a 20% correction.
In this edition, we address the headlines and underlying concerns behind last week’s correction.
Resurgent volatility hit global markets again last week. The recent market drawdown was not isolated to the U.S.
February 5, 2018 | Volatility returned to global stock markets last week with the S&P 500 declining -3.85 percent from its Jan. 26th all-time high with international markets following suit.
Wednesday’s status quo Federal Open Market Committee (FOMC) meeting was overshadowed by Thursday’s anticipated nomination of a new Fed chair. On Thursday afternoon President Trump nominated Jerome (Jay) Powell to lead the Federal Reserve beginning in 2018.