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Market Brief – Monday 8/5/19

In overnight trading, China responded to President Trump’s threat of further tariffs by devaluing its currency against the dollar. Further tariffs against China will push U.S. consumer prices higher, as the next potential increase is on imported consumer goods. Asian equities fell along with U.S. equity futures and Treasury yields as investors come to grips … Read more

Market Brief – Tuesday 7/30/19

The Fed’s preferred inflation gauge, Core Personal Consumption Expenditures, came in lower than expected at +1.6% year-over-year. Incomes are rising at a rate of +4.9% annualized, while spending growth is slowing to +3.9% annualized. Savings rates are trending higher at +8.1%. Slowing inflation and flat Treasury yields is not a bullish recipe for gold, which … Read more