Message from Jon
We are seeing a renewed interest in the equity side of the investing world take shape. With the Phase 1 trade agreement looking good, PM Boris Johnson's party taking a decisive victory in the general elections and now focusing on BREXIT, and the FED standing put for now on the interest rate changes, we are seeing a solid footing in the markets.1,2,3,4
It would not come as a surprise, should we see normal market mechanics and a correction here soon, to let off some of the steam that has collected these past weeks of run up-but I would not think it anything more than normal at this point.
Office Schedule Update:
- Our office will be closed the 24th-26th of December.
- I will be out of the office from Dec. 30th - 2nd of Jan.
- Normal Office hours will resume on the 2nd of Jan.
Till we speak again-have a Happy Holiday everyone!
Phase-One Trade Deal Reached
WEEKLY UPDATE - DECEMBER 16, 2019
The Week on Wall Street
The U.S. and China announced a limited trade agreement last week. That news lifted U.S. and foreign stocks, leading to weekly gains.
Advancing 0.91% on the week, the Nasdaq Composite outperformed the S&P 500 (up 0.73%) and Dow Jones Industrial Average (up 0.43%). The MSCI EAFE index, measuring the performance of developed markets overseas, improved 0.42%.
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