The Monday Mix: June 24 – 30, 2019

Headlines discussed at LNWM’s Monday morning briefing:

The US and China agreed to a trade truce, including postponing new tariffs as trade talks continue, lifting stocks.
Goldman Sachs and Ally Financial cut the interest rate on certain short-term savings accounts — to 2.15% from 2.25%.
US consumer spending rose 0.2% in May adjusted for inflation, after a 0.2% increase in April, indicating tepid economic growth.
US oil production hit a record 12 million barrels a day, with US expected to maintain its place as world’s largest oil producer.
— The 18 largest banks in the US passed the Federal Reserve’s stress test, clearing the way for higher dividends and stock buybacks.

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Stan Poltavets
Stan Poltavets
Stan, an investment associate at Laird Norton Wealth Management, specializes in ESG strategies and sustainable investing. He enjoys researching new ways that clients can invest in line with their values.