Market Analysis

2019 RECAP

• Federal Reserve shifts into expansionary monetary policy
• U.S. stocks have a banner year with the S&P up 31.5%
• Modest improvement in the U.S-China trade dispute
• Economic data improving, reducing the probability of near-term recession

IN THIS MONTH’S RECAP

IN THIS MONTH’S RECAP:

Q3 QUARTER’S RECAP

• U.S. and China trade uncertainties remain but both sides indicate desire to negotiate
• The Federal Reserve cuts short-term interest rates a quarter percent
• Global equities experienced a fair amount volatility and ended the summer mixed

IN THIS MONTH’S RECAP:

• Stocks lose ground as trade tensions continue and the Chinese yuan is devalued
• Consumer confidence remains high easing some economic slowdown fears
• Bonds rally, causing yields to fall

THE MONTH IN BRIEF

During the past week, stock prices dropped sharply on fears the trade dispute between the U.S. and China had escalated.

IN THIS QUARTER’S RECAP:

For those of you interested in the details of the market, here is our recap of January’s economic activities.

In this month’s recap

To say that 2018 was a year of ups and downs would be an understatement!  Here is a look at where we started and how we ended the year along with the details on what

THE MAJOR THEMES OF 2018

For those of you interested in the details of the economy, here’s November’s monthly economic report.

November recap: