facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast blog search brokercheck brokercheck

Weekly Market Update

MCF Investment Management Department Investment News Insights

%POST_TITLE% Thumbnail

MCF Investment Department Market Update - May 17, 2019

Last week’s market news was dominated by Trump threatening additional tariffs from 10% to 25% on $200B of Chinese goods.1 Both sides left D.C. last Friday without a resolution and the public left only with U.S. Treasury Secretary Mnuchin’s intentionally vague comment that discussions were “constructive.”2 Trump’s threat proved legitimate, with the increase taking effect last Friday. In response, China has now announced raising tariffs on $60B of U.S. products from previous 5%-10% levels to 25% to match, which are scheduled to begin June 1. The next public opportunity for negotiation will be the G20 summit in Osaka June 28 and the lingering dispute will continue to remain a known unknown.

Read More