Weekly market update: Trade tensions rattle the markets

Newsletter | August 5, 2019

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Weekly news

and updates

Market update by

Todd Day, MBA

Portfolio Manager

Trade tensions rattle the markets

Last week we saw the S&P 500 and the NASDAQ drop more than 3% for the first time this year, and just one week after setting new all-time highs. The same thing occurred twice in 2018. The Dow and the Russell 200 were down over 2.5%.

Two things were responsible for the selloff after a strong July — the FED’s rate decision/press conference and trade tensions mounting. ..

"Too many of us are not living our dreams because we are living our fears. "

–Les Brown

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