If the countries were instruments, last week sounded like a fifth grade garage band.
World markets were buffeted by a clamor of good, bad, and unexpected news last week. Events that captured media and investor attention included:
Too much? Too little? Or just right?
U.S. stock markets were relatively calm, although they finished the week lower. U.S. Treasury yields hit a 7-year high and finished the week above 3 percent. While these were notable, the most remarkable events last week occurred beyond our borders. These include:
Splash!
How do employers lure staff in a tightening labor market? The curly tail grubs and spinnies of the business world are higher wages and better benefits.
What in the world?
A lot happened last week. Some of the notable events included:
A meeting of the minds.
The world is in debt.
Everyone on the team at Texas Legacy Wealth Management is excited to announce that Enzo Pellegrino has once again been recognized by Forbes to be part of the 2018 Best-In-State Wealth Advisors list. As many of you may remember, last fall Enzo was selected for Forbes’ Am
What do you think?
• Are you bullish, bearish, or neutral about the U.S. stock market?
• Are U.S. stocks undervalued, overvalued, or fairly valued?
• What is the biggest threat the U.S. stock market faces this year?
You could almost hear the spurs jingling.
Trade tensions ratcheted higher last week as the United States and China staked new positions on the not-so-dusty main street of trade. It was the latest round of posturing in what has the potential to become a trade war between the world’s largest economies. Barron’s explained:
In like a lion…
Investors roared into 2018.
During the first week of the first quarter of the New Year, the Dow Jones Industrial Average rose above 25,000 for the first time ever. Less than two weeks later, it closed above 26,000. The Standard & Poor’s (S&P) 500 Index and NASDAQ Composite also reached new all-time highs.
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