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Market Matters

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Market Matters

After a week of dismal economic data, focus shifted back to global headlines, specifically those regarding trade agreements between the U.S. and China. Optimism also sparked from across the pond as the EU and U.K. officials had constructive meetings over Brexit.  

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Market Matters

It was a bit refreshing to see data back at the forefront of headlines this past week. Weaker manufacturing, weaker service sector, and a mixed job report has helped push the 10yr back down below the 1.60% handle.  

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Market Matters

Headlines surrounding impeachment, trade, Brexit, and Fedspeak continue to hold investor and market attention as we finish out another week. As we start off a new quarter next week, focus will shift back to data with the September jobs report on Friday.  

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Market Matters

The week was filled with headlines ranging from Saudi oil attacks to another 25bps rate cut by the Fed. In between, we saw a few top tier data points on housing and manufacturing, again portraying what has been a mixed bag of economic insight.

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Market Matters

Manufacturing data, trade deficits, and the August jobs report were the center of news this past week. We also received a bit more insight as to what Fed members are thinking on the current state of the economy.  

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Market Matters

This was a relatively quiet week for economic data releases, with the market waiting for Fed Chairman Powell’s Jackson Hole speech on Friday. Powell’s speech struck a good, dovish tone but not too accommodative. Trade tensions rose on Friday as China is adding tariffs of 5% to 10% on 75 billion of US goods.  

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Market Matters Weekly Recap 8-15-19

The Fed holding steady with no rate cut, 10yr yields touching below 2% for the first time since the Trump victory, the manufacturing sector showing much weaker results, and raised geopolitical tensions after a downed drone…Too many headlines to count!

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