The Monday Mix: July 16 – 22, 2018
Headlines discussed at LNWM’s Monday morning briefing:
— The US threatened US tariffs on $500 billion worth of Chinese imports, escalating trade rhetoric.
— President Trump criticized the Federal Reserve for raising interest rates; wants weaker US dollar.
— The Chinese yuan continued to lose value and is down almost 8% in the last two months.
— Yields on longer-term US Treasury bonds rose faster than short-term ones, steepening the yield curve.
— US crude oil prices (now at $70/barrel) finished down for the 3rd straight week on rising supply.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.