Featured Market Snapshot
OPEC made a deal to hike production by 1 million barrels – and included Russia; Emerging Market election season begins with Turkey; European service growth beat expectations for June; U.S. tax revenue from its metals tariffs netted nearly $800 million so far; the costs have yet to be tallied.
Chairman Powell's FOMC was brief, clear and optimistic; trade relations between the U.S. and China remained challenging; Europe's central bank shared its playbook for the next year and more; Russia and Saudi Arabia met about oil and more.
Latest U.S. data show more jobs than job-seekers; Brazil and Argentina struggle to slow the sliding value of their currencies; G7 leaders share sharp comments ahead of their weekend summit meeting.
A fairly strong U.S. jobs report for May cheered stock markets and dented bonds slightly; another outbreak of tariff trauma got much attention, a round of musical deck-chairs played out in capitals of two of the more troubled European economies.
The FOMC minutes showed Powell's Fed to be a slightly more dovish place; Turkey's Erdoğan let the market win one round; Russia and Saudi Arabia discussed opening the spigots to calm the crude oil markets.
Some Opec and other producers can't fill even minimum production quotas; Italy's latest proposed coalition spooked markets; U.S. retail sales were good, but not great; German companies' order backlog sent mixed messages.
Consumer inflation didn't move the dial much this past year as of April; corporate spending rose, but explanations vary; Italy moved ever closer to an improbable governing coalition; the Bank of England held off raising its base rate, citing Brexit uncertainty.
The U.S. officials' two-day visit left much work to be done; U.S. employment in April was good not great; Europe got a reprieve from the conflict between its trading partners; there's so much crude being produced in Midland, Texas that it can't leave the area.
A first look at U.S. growth for Q1 looked pretty solid, tilting the board slightly toward four Fed hikes this year; the European Central Bank faced its own deadline for rate hikes; Argentina brought out its heavy artillery to save the peso.
OPEC’s meeting had some unexpected commentary; the Fed heard tales of good times; Bank of England surprised its markets.
Financial markets got used to the news flow, it seems; U.S. consumer inflation hit the mark; crude oil is having a good year; China and the U.S. begin coming to terms on trade.
The US and China upped the ante on tariffs and trade; The jobs report for March disappointed, but not by much; Europe’s growth came in steady but not slow.
For tech stocks, the devil was in the details; markets threw a tariff tantrum; consumer spending and inflation were on the low side; the Bank of England tried to stop the Brexodus; China's currency continued strong
While talk of tariffs and trade continued, Fed Chair Powell’s announced his first hike; a Brexit breakthrough emerged.
More signs of a strong U.S. economy before tariffs kicked in; European inflation was good news for pessimists; Fourth time’s a charm for Merkel; China factories powered forward.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks associated with hedge funds, alternative investments and other risks, performance and other important information. Review this information carefully before you make any investment decision.