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 central...
Trump sends the markets into correction territory
Donald Trump is escalating his global trade war, issuing increasingly wild threats as targets from China to Canada and Europe retaliate with tariffs of their own rather than retreat. In the meantime, the resulting chaos has driven the S&P 500 into a correction....
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...
Brace for a correction in the markets
Earlier this week, Trump affirmed that the previously announced 25% tariffs on Canada and Mexico would go into effect on March 4. Then followed it up by saying that “China will likewise be charged an additional 10% tariff on that date”. The new tariff would be...
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 and...
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...
Land of Confusion
Wall Street closed out a tough week on Friday with a 1% retreat, but overall, for the month of January, it was a positive story with an advance of nearly 3%. On Wednesday, the central bank maintained its key policy rate unchanged after three straight rate cuts to end...
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 decrees,...