August 2019 Market Commentary

ECONOMIC UPDATE The Fed met market expectations with a July rate cut, but future policy is less certain.The U.S. and China resumed negotiations during the last week of July and the Trump administration has discussed potential waivers for American tech firms selling...

July 2019 Market Commentary

ECONOMIC UPDATE Trade worries contributed to increased market expectations of a Fed rate cut.Three events during the week of June 17 eased investor concerns and boosted risk assets.The FOMC did not cut rates at the June 19 meeting. However, updated forward guidance...

June 2019 Market Commentary

ECONOMIC UPDATE Market sentiment turned notably bearish in May following a breakdown in U.S./China negotiationsThe Trump administration also decided to “weaponize” trade versus Mexico to affect immigration policyThe markets had largely been focused on the inflation...

May 2019 Market Commentary

ECONOMIC UPDATE Q1 GDP growth was better than expected, but the underlying components were less favorableDisinflation concerns have been voiced by some Fed leaders, leading the market to price a higher probability of a 2019 rate cutFed Chair Powell did not share those...