As the business cycle ages, and the dollar’s uptrend potentially reverses, large caps may sustain market leadership.
Month: August 2019
Recession fears from the yield curve inversion offset the boost from the tariff delay.
Stocks endured significant volatility last week but showed some resilience Wednesday, August 7.
The equity markets struggled in the week ending Thursday, August 8, weighed down by currency-related trade uncertainty after China retaliated against new tariffs by devaluing the yuan.
Gross domestic product (GDP) increased 2.1% in the second quarter, bolstered by consumer spending’s 2.9% contribution to growth.
Last week’s stock market slide begs the question whether this August will fit its historical pattern of seasonal weakness.
The Fed cut interest rates for the first time in 10 years
The Fed cut interest rates even though the economy is still growing, albeit slowly.