Daily Archives: Jun 20, 2018 at 07:55 am EDT

US Equity Bull Run Is Second Longest For Economic Expansions

The US stock market (S&P 500) continues to trade below its record high, which was set in January, but the bull market is arguably still running. Any number of threats could derail the trend, including a trade war that may be escalating between the US and China. But for the moment, there’s still room to argue that the upward bias in stocks, although battered of late, is intact.
Continue reading

Macro Briefing: 20 June 2018

US announces it will withdraw from UN Human Rights Council: CNN
White House insists US has edge over China in trade dispute: WSJ
GOP looks for ways to solve Trump’s border crisis: The Hill
NY to sue Trump administration over over family border separations: Reuters
Is US economic growth in Q2 peaking? Bloomberg
US Commerce Secretary shorted stock ahead of negative story: NY Times
Americans seeking disability benefits plunges as economy strengthens: NY Times
US housing starts rebounded in May to an 11-year high: MarketWatch