As of this writing, the Dow Jones Industrial Average has plunged over 750 points. The NASDAQ and S&P 500 are both down close to 3%. Today’s decline is coming on the heels of last week’s 3% drop in the equity markets. Prior to last week, the markets had been flying high. Why the sudden change of sentiment?
The volatility began last week with the Fed’s move to lower interest rates. While the Fed’s decision to cut rates by a quarter of a percentage..
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After the tumultuous winter of 2018, when virtually every asset class declined and stocks suffered a bear market in the fourth quarter, the spring recovery (chronicled in our previous commentary, Early Bloom) has continued into the summer months of this year. The S&P 500 rose 3.8% in the second quarter and has gained 17% year to date, posting its best performance in 22 years. However, it hasn’t been an entirely smooth ride in 2019. As our Early..
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As of this writing, global equity markets are down in intraday trading by more than 2% today on news that the Chinese will retaliate against the Trump administration’s increase in tariffs by imposing tariffs on U.S. goods. The recent volatility began last week when President Trump announced in a tweet that negotiations over a deal had broken down and that the U.S. would increase..
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