August 16, 2019 Markets continued to search for direction this week, glued to every twist and turn in the on-going U.S.-China trade war. Stocks appeared set to get a lift early in the week as the Trump administration announced it would push back China tariffs on cellphones and clothing slated to begin on Sept. 1…
Read More
August 9, 2019 The trade fight between the U.S. and China took a brief turn for the worse on Monday as China allowed its currency to devalue against the U.S. dollar. The move was seen as a warning shot to Washington, intending to show that China can offset the effects of new tariffs by simply…
Read More
August 2, 2019 Markets sustained a one-two punch this week. On Wednesday, the Federal Reserve disappointed investors by reducing interest rates by a “mere” 0.25% as part of a midcycle adjustment, while on Thursday, the Trump administration announced a new 10% tariff on $300 billion of Chinese goods. The rate cut disappointment and renewed trade…
Read More