Market Brief – Friday 7/19/19

Stocks rallied yesterday after a member of the Federal Open Market Committee gave a prepared speech yesterday that suggested the Fed should quickly lower interest rates and resume Quantitative Easing. The markets interpreted this speech as forward direction for monetary policy. The Fed came out today and stated the speech was research-based and should not … Read more

Market Brief – 7/17/19

In overnight trading, Singapore confirmed the global economy is not recovering. Singapore exports fell -17.9% on an annualized basis, and prior month exports were revised lower to -16.3%. Semiconductor exports were down -31.9% with the prior month revised lower to -31.6%. So far, the downturn in Asia has not hit U.S. shores. Housing Starts fell … Read more

Market Brief – Monday 7/15/19

In overnight trading, China’s second-quarter GDP slowed to +6.2% on an annualized basis, which is the slowest growth rate in 27 years. Beijing lowered its future economic growth targets down to 6.0-6.5% for 2019. After crashing in June, the Empire Fed business survey increased from -8.6 to +4.3 for July. While orders increased, employment expectations … Read more