FYI: Trade and interest rates continue to dominate the direction of financial markets. Following the post-midterm-election pop, the S&P 500 shed nearly 4% in the five sessions through Wednesday. The Wilshire 5000, the broadest measure of the U.S. equity market, dropped by about the same percentage, meaning that $1.3 trillion of investors’ stock market wealth disappeared.
Stocks pared their losses on Thursday and Friday, but the S&P 500 still finished down 1.6% on the week. Helping to turn the market around were signs that some senior Federal Reserve officials got the markets’ message about the possible dangers of moving too far, too fast with rate increases. President Donald Trump’s comments on Friday that China wanted a trade deal to stave off additional tariffs also gave the market a lift.
Regards,
Ted
https://www.barrons.com/articles/will-the-fed-decide-not-to-raise-rates-after-all-1542416387?mod=djem_b_Weekly Feed for Barrons Magazine
