Archive For: Weekly Market Updates
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October 14, 2019
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Global markets ended the week on a positive note thanks to renewed trade progress optimism. Just before US markets closed on Friday, it was announced US and Chinese negotiators had reached a partial trade deal. In “phase one” of the deal, the US will suspend upcoming tariff increases originally set for October 15 in return ... Read More
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October 8, 2019
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Stocks fell for the third consecutive week as economic slowdown concerns worried investors. On Tuesday, the ISM Manufacturing Index fell further into contraction territory with a reading of 47.8, its lowest level since 2009. This was the sixth straight monthly decline for the Index as weakening global growth and uncertainties surrounding trade tensions have created ... Read More
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September 30, 2019
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Each year, national reports on physician compensation confirm the persistence of the gender pay gap in medicine. Across all regions and within virtually every specialty, female physicians continue to earn less than their male counterparts. According the 2018 Medscape Physician Compensation report, male doctors netted nearly 18% more income than female doctors. For specialists, the ... Read More
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September 23, 2019
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For the second time in 2019, the Fed cut its benchmark rate by 0.25% to a range of 1.75% – 2.00%. This was the expected move as the Fed hopes lower rates will help prolong the current economic expansion in the face of ongoing trade tensions and slowing global growth. Chairman Jerome Powell stuck closely ... Read More
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September 16, 2019
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Markets continued to claw back August’s losses following a supportive global central bank announcement and stronger than expected economic data. On Thursday, the European Central Bank (ECB) cut its key interest rate from -0.4% to -0.5% and announced a new bond-buying program in hopes to stimulate the eurozone. Beginning November 1, the ECB will purchase ... Read More
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September 9, 2019
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Stocks finished the holiday-shortened week higher on continued trade optimism. The largest gains came on Wednesday and Thursday following news that US and Chinese officials confirmed plans to meet in early October. This was a relief to many as recent tariff announcements signaled talks might be canceled indefinitely. While consumers have supported a growing economy, ... Read More
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September 3, 2019
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Stocks ended a volatile August on a high note, snapping a four week losing streak as trade optimism carried markets higher. The week started on a positive note as President Trump appeared to deescalate recent trade tensions stating he believed China wanted to make a deal and the prospects for a deal were the best ... Read More
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August 19, 2019
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Major US stock markets finished negative for the third consecutive week as bond yields continued to plunge. Wednesday was particularly negative as stock indices fell around 3% following a yield curve inversion – when longer-term Treasury yields fall below shorter-term Treasury yields. Though there had been partial yield curve inversions earlier in the year, the ... Read More
