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Steve Coker
- Oct 14, 2019
- 2 min
A Deal With China?
The Dow fell 1.6% last Tuesday on news that Trump was expanding the trade war with China. Since that time the Dow rose 2.7% on rumors that a deal was imminent. The trade war remains one of the most substantial risks to the global economy and the market appears to be spinning on news and partial news. Friday was a good example when the Dow rose as much as 500 points after Trump tweeted about progress on a deal with China, but then gave back 200 of its 500 point gain when in
john.mcmahon@cedarstoneadvisors.com
- Apr 14, 2019
- 2 min
Still Expect Volatility in 2019
An extended period of historic calm in equity markets came to a screeching halt in 2018 as volatility resurfaced in most markets. For example, after recording daily declines of 1% or greater only four times in 2017, the Standard & Poor’s 500 Composite Index fell by more than 1% on 32 separate days and more than 3% on five days. Overall, global stocks declined for the first time since 2015, as the MSCI ACWI slid 9.4% in U.S. dollar terms. As we once again approach record highs
