05.13.19 • -2.41%

May 13, 2019

S&P:  -2.41%*

 

Market Movers

  

 

Near term factors:

  • China Trade Deal 

  • Economic Data

 

Long term factors:

  • Federal Reserve economic outlook

  • Global Growth

 

Finger pointing continues between President Xi and Trump. China has decided to slap the U.S in the face with $60 billion in tariffs starting June 1st. The S&P was down more than 2.5% intraday as the market was shocked by China’s latest move. China and the United States rely heavily on each other and this could cause major disruption in the future. Until this is resolved between Xi and Trump, we will continue to watch the markets fluctuate violently. Until further notice, the seatbelt sign is on....

 

*Bloomberg.com

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