AUTHOR: TOWNE SCHERER.COM/BLOG8/1/2019: TowneScherer Private Wealth Management BLOG:
Rate Cuts and Economic War
The Fed cuts interest rates by ¼ point, reports CNBC 7/31/2019. Talking heads in the media have suggested that the Fed will do what is needed to keep markets strong and that they’ll be other cuts to offset trade wars and rate cuts in Japan and Europe. This is an economic war some are saying!!!
Mueller Testimony…looking weak!
The Mueller Report testimony before the House Judiciary Committee was a disaster for the Democrats says RealClear Politics 7/24/2019. Mueller was described as weak, dazed, mouth agape, stammering, licking his lips, consulting his aide, begged forbearance while appearing unsure reports The Washington Post 7/24/2019. So…..this doesn’t look like the big bad hammer the Anti-Trumpers needed. We’ll see where they go now!!
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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.