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For the week, the major indices end up modest The major US indices are ending the session with losses on the day led by declines in the tech heavy Nasdaq. Chip stocks were hit hard after Broadcom announced worse than expected earnings and forecasts for earnings/sales going forward, blaming tariffs and China. The final numbers
Analysts at Wells Fargo, estimate that the Federal Reserve could cut its monetary policy rate two times during 2019. They forecast one 25 bps cut in July 2019 and another cut in Q4-2019 and the Fed funds range to remain unchanged at 1.75%-2.00% in 2020.  Key Quotes:  “Inflationary pressure remains modest. We do not expect
Last week it was the worst King dollar is back on the throne. Last week there was fear about Mexican tariffs and this week there was relief. Or last week there was excitement about Fed cuts, now there is worry they won’t materialize. I think it’s instructive to combine the past two weeks. That tells
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