The stock market continues to grind higher driven by favorable progress on trade between both U.S.-China and U.S.-Mexico-Canada (USMCA). China appears to be accommodative to reducing tariffs and the U.S. is reciprocating. The key issues of intellectual property protections and further opening of China’s financial sector should take longer to work out. Trade should …
The stock market finished the week higher and hit all-time highs after a US-China trade deal was agreed upon. The agreement, known as a phase-one deal, averted new tariffs on $160 Billion of consumer goods set to start on December 15th. The agreement also reduced some current tariffs, with China agreeing to increase purchases …
Equities rallied last week as moderating economic data and Dovish comments from Federal Reserve Chairman Jerome Powell led investors to the conclusion that a short-term interest rate cut is on the horizon. The Fed Chairman’s speech on June 4th indicated the Fed would take appropriate action to maintain expansion of the economy in the …
Investors were surprised late last week by the announcement that the U.S. would impose a 5% tariff on all goods imported from Mexico and gradually increase them until the flow of illegal immigrants stopped. The economic and political uncertainty of this policy added to the uncertainty currently in the market from the U.S.—China trade …
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