Market Insights - 1/2/18
It was a fitting end to the year that the curve continued its relentless flattening trend into the close.
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Global Outlook Darkens
U.S. equities suffered their third straight week of declines last week as the flight to safe-haven assets took center stage sparked by weak global economic data...
Trade Fears Abound
Trade war jitters gripped markets last week and sent U.S. equities and Treasury yields lower.
Trump Levies More Tariffs
U.S. equity markets suffered one of the worst weeks of losses since the December selloff on the back of Jerome Powell’s hawkish statements and President Trump’s re-escalation of trade tensions...
ECB Holds Steady
U.S. equity markets rebounded last week buoyed by better-than-expected corporate earnings results and U.S./China trade optimism.
Second-Quarter Earnings Season Begins
A shaky start to second-quarter corporate earnings and mixed economic data sent U.S. equity markets lower last week, ending a two-week rally in the S&P 500.
Powell Speaks to Congress
Federal Reserve Chairman Jerome Powell did little to push back against the market’s expectation of a July rate cut at hearings in front of Congress last week.
Jobs Rebound in June
Global equity markets rallied last week as the U.S./China trade truce boosted investor sentiment and weakened global growth concerns.
U.S., China to Resume Talks
On the geopolitical front, Presidents Trump and Xi agreed to resume trade negotiations at the conclusion of their highly-anticipated meeting on the sidelines of the G-20 summit this weekend.
Federal Reserve Loses Patience
Dovish Federal Reserve sentiment and confirmation of an extended Trump-Xi meeting at the G-20 summit led U.S. equity markets higher on the week and sent the S&P 500 to new all-time highs.
Trump Raises the Stakes
In a relatively quiet week, U.S. equity markets notched a second straight week of gains as investor optimism over the U.S./Mexico border agreement outweighed lingering trade concerns.
U.S. and Mexico Reach Deal
U.S. equity mkts ended week in positive territory & global bond rally continued as dovish sentiment offered from U.S. & E.U. bank officials & U.S./Mexico trade devs dominated headlines & drove mkts.
Trade Tensions Rise
Intensifying trade concerns gripped markets last week capping an end to the worst month of the year for U.S. equity markets and sparking a global bond rally.
May to June
Fears of a prolonged U.S./China trade war dominated market headlines last week and sent U.S. equities lower with the S&P 500 posting a drop for the third consecutive week.
After the U.S. increased tariffs on $200 billion of Chinese goods, China announced retaliatory tariffs ranging from 10% to 25% on $60 billion of U.S. goods beginning on June 1st.
Trade Negotiations Intensify
Escalation of U.S./China trade spat, saw the Trump administration increase tariffs on $200 billion of Chinese goods to 25%, sending U.S. equities lower & dragging the S&P 500 down to its worst week.
Fed Lowers Interest on Excess Reserves
The FOMC held the target range steady at the conclusion of last week’s policy meeting but cut the interest rate paid on excess reserves five basis points.
Read Beyond the Headlines
A strong first-quarter GDP reading and solid corporate earnings releases led U.S. equity markets higher last week with the S&P 500 and Nasdaq reaching record highs.
Equities Take a Rest
U.S. equities were little changed from a week prior, save for modest gains by the Dow Jones, amid mixed first-quarter corporate earnings and equally mixed global growth data.
Brexit Deadline Averted
Despite intensifying global growth fears, U.S. equity markets marched higher last week, buoyed by a solid start to first-quarter earnings season and continued progress in U.S.-China trade talks.
Progress in U.S.-China Trade Negotiations