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The Market Wrap for June 14: The More Things Change, The More They Stay the Same

This week continued the swings, albeit with less intensity as the previous month or so. Investors continued to balance the trade situation with the potential of the Powell Put and declining interest rates.

As the trade war has entered extra innings, the Trump Administration recently announced additional sanctions against Mexico. That sent markets into a tizzy last week. However, those concerns seemed to be abated this week as a deal was potentially struck. At the same time, a U.S./China deal still seems very distant.

Investors took this mixed news matched with the potential of a lower rate environment. Last week, investors cheered the ability of the Fed to cut rates and start the flow of easy money back into the economy. Data this week didn’t provide a clear picture in either direction and that set the listless market adrift.

Adding in a lack of earnings reported as well as lower trading volume, this week was one that fought for any direction.

Be sure to check out our previous Wrap here, when the Federal Reserve came to the rescue.

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