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…
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July 26, 2019 Market bulls managed to push the S&P 500 index above the psychologically important 3,000 level following last week’s sell-off. The week’s optimism was owed to a strong crop of earnings reports from the likes of Starbucks, Texas Instruments, and Google, all of which helped power the index to a new record-closing high…
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July 19, 2019 Markets retreated from all-time highs this week as the first batch of Q2 2019 earnings were met with mixed reaction. Overall, early results were generally positive with strong beats from tech giant Microsoft and financial powerhouse Goldman Sachs. Yet, despite the fact that 77.2% of companies that have reported earnings to date…
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