Stock Markets

Tariff Takedown

After the market closed on Wednesday, April 2, the President announced new “reciprocal” tariffs on nearly every nation. How were tariffs calculated? Figure 1: The Tariff Formula In plain language, let’s use China as an example (WSJ). Divide the U.S. 2024 goods-trade deficit of $295 billion by the amount the U.S. imported from China—$439 billion. That […]

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Weekly Market Commentary

August 30, 2021 In a speech last week, Federal Reserve (Fed) Chair Jerome Powell confirmed that the United States economy has made substantial progress toward the Fed’s maximum employment and price stability goals. His words helped grow recent equity market returns and, consequently, the Fed is likely to slow, and eventually stop, the bond purchases

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Weekly Market Commentary

August 23, 2021 The Markets Last week, markets were shaken by a potent cocktail of central bank tapering and economic growth concerns – mixed with coronavirus and a splash of new Chinese privacy law. On Wednesday, the U.S. Federal Reserve’s Open Market Committee Meeting minutes were released. They confirmed the Fed could begin tapering –

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Weekly Market Commentary

August 9, 2021 The Markets Are we there yet? For months, investors have wondered when the Federal Reserve (Fed) might begin to “normalize” its policies, a process that will, eventually, lead to higher interest rates. Last week, a better-than-expected unemployment report – showing a gain of almost a million jobs – sparked speculation about whether

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