Fed deems tariffs as “transitory”

Wall Street on Friday managed to snap a four week losing streak, with the S&P 500 just about making it into positive territory after ending in correction territory last week.The Federal Reserve played a big role in helping the S&P’s weekly advance. The...

Out of Control

Tariff uncertainties and mixed economic data slammed sentiment this week. Donald Trump’s back-and-forth over tariffs against Canada and Mexico has stoked confusion in traders. Markets have now given up all the gains sparked by Trump’s election victory in November last...

Time to get more cautious

Wall Street on Friday slipped to a loss for the week, as sentiment took a hit due to weak economic data, another Federal Reserve signal that there would be no more interest rate cuts, tariff developments, and weak guidance from Walmart. Donald Trump continued to...

First sign of a crack?

It was a week dominated by Donald Trump’s announcements on tariffs. On Monday, he announced 25% levies on all steel and aluminum imports into the U.S. On Thursday, he signed a memorandum that tasked his administration with investigating current trade relations...

Market is looking past Trump

Trump dominated headlines this week with his tariff moves. Last weekend, a 25% tariff on Canada and Mexico went into effect, but both North American nations showed a willingness to work with Trump, leading to a delay in the implementation of the tariffs. Trump also...

To be or Not to be

Wall Street on Friday closed out a strong week that saw the S&P 500 notch its first record closing high of the year. The event of the week was no doubt President Donald Trump’s inauguration on Martin Luther King Jr. Day. He immediately signed a slew of...