Message from Jon:
We are still seeing volatility enter the markets with the Trade and Tariff discussion remaining in the news cycle and little else to unseat it at this point.1. Stormguard and Dorsey are still both favoring equities over income and cash-though in the near term, a bumpy ride is still the captain's most frequent comment over the intercom.
Until our data spells out something that requires a shift in strategy, we stay in the moment and remain on our heading.
Till we speak again, enjoy your week (hopefully without rain!).
Trade Tensions Linger
WEEKLY UPDATE - MAY 28, 2019
The Week on Wall Street
Stocks drifted lower last week as investors considered the possibility that the world's two largest economies might take some time to resolve key trade issues.
The S&P 500 retreated 1.17%; the Nasdaq Composite, 2.29%; the Dow Jones Industrial Average, 0.69%. The concern over trade was felt elsewhere: the overseas developed markets benchmark, the MSCI EAFE, also lost 1.41% in five sessions.
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