AUTHOR: TOWNE SCHERER.COM/BLOG7/16/2019: TowneScherer Private Wealth Management BLOG:
Freight Watch and The Fed
The Fed may be watching the freight data, reports Business Insider 7/16/2019 as it considers rate reductions. With shipments falling for seven straight months, reflecting trade tensions with China, the Dow Jones Transportation Index which has failed to hit all time highs, may be worth watching. Nevertheless, a trade deal with China could quickly abate fears of slower growth and over valuations of US stocks.
Poised to Cut
The Fed is poised to cut rates in July was signaled by Chairman Powell during a two-day appearance on Capitol Hill in June, says FOXBUSINESS 7/12/2019. The question now is...how much and will it be enough to hold currents US market highs?
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.