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Weekly Report – July 30, 2019
Fed due for first rate cut since 2008- Expected to cut by a quarter
point as a preventative measure to limit the impact of trade wars on the economy
- US – China trade talks set to continue with mild expectations and goals
Sources: WSJ and BMO Capital Markets
US Director of National Intelligence resigns- Dan Coats, whom has confronted Trump on his handling of the Russian threat, will
step down from his post- Trump has nominated Texas Republican John Ratcliffe as Coats’ successor
Crowded trading environment for Investors- With stocks at record highs, Investor Portfolios share unusual similarities- PayPal, Amazon, Mastercard, and Microsoft are among the most crowded trades- Fear of looming recession widens valuation gap between growth and value stocks
Generation of renters dominate housing market - Realtors report details median age of homeownership to be 46, oldest on record - “Lower homeownership for young adults means lower economic growth”
summarized Sam Khater, chief economist from Freddie Mac
Tennis history at BB&T Atlanta OpenDe Minaur defeats Fitz, becomes youngest winner in tournament history
*This report is presented for informational purposes only. Nothing in this report constitutes investment, legal, accounting or tax advice or a recommendation on any investment strategy. Contact [email protected] for information or questions on this report
US Treasury (WSJ) 1-week ago Swap (3ML) 1-week ago
US Treasury (WSJ) 7/29 Swap (3ML) 7/29
