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.
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.