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September 2019

A Strange New World: Economic Slowdown, Liquidity Issues

The world’s slowdown continues. China’s growth rate is the slowest in years. Exports there are down as are imports, and pork prices (their protein staple) are up 40% due to swine flu. India, formerly the fastest growing economy in the world, had their manufacturing sector grow +0.6% (stagnation for them and the slowest growth since 2012), and auto sales there are down 41% from year ago levels (hard to believe!). In the world’s third …Read More

The Goldilocks Labor Report: “Just Right!”

It isn’t ever a good sign when markets become manic. August was quite volatile with five days out of 22 (23%) where the S&P 500 intra-day market swings exceeded 2%, and three days when the market closed down more than -2.5% from the prior day’s close. (We haven’t seen such price volatility since 2011!) While, so far, September has been less volatile, the market is still susceptible to tweets. For example, news about the …Read More