{"id":197,"date":"2019-08-05T00:00:00","date_gmt":"2019-08-05T00:00:00","guid":{"rendered":"https:\/\/www.retirementrefined.com\/index.php\/2019\/08\/05\/china-deal-looking-illusive\/"},"modified":"2019-08-05T00:00:00","modified_gmt":"2019-08-05T00:00:00","slug":"china-deal-looking-illusive","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/china-deal-looking-illusive","title":{"rendered":"China Deal Looking Illusive"},"content":{"rendered":"

China Deal Looking Illusive<\/strong><\/h4>\n

\"\"<\/p>\n

\u00a0<\/strong><\/p>\n

It certainly looks as of now, that a China deal prior to our upcoming 2020 US Presidential Election may not happen\u2026the war just intensified with President Trump announcing a 10% tariff on the $300 Billion of remaining Chinese imports to begin September 1st<\/sup>.\u00a0\u00a0 This domestic tax will apparently be directed at Consumer goods.\u00a0 The impact may be felt directly in the wallets of US consumers.<\/p>\n

 <\/p>\n

The Federal Reserve announced, as expected, a .25% rate decrease. However, the Fed identified the rate cut as a \u201cmid-cycle\u201d adjustment and not the start of an easing cycle.\u00a0 The markets in my opinion had priced in 3, .25% rate decreases over the next several months, which explains the pullback in the equity markets.\u00a0 President Trump called out the Fed suggesting the cut should have been deeper. So, with the likelihood that a China deal will NOT be done anytime soon, another round of taxes on imported Chinese goods, and China now pushing their currency to record lows, most likely Jerome Powell will again change his mind and move rates lower in the coming months.\u00a0 How many times will Powell change his mind during his tenure.\u00a0 Again, I really do miss Janet Yellon!<\/p>\n

 <\/p>\n

 <\/p>\n

Earnings\/Markets<\/strong><\/h3>\n

Approximately 76% of the S&P 500 companies have reported 2nd<\/sup> quarter earnings with 74% topping consensus expectations.\u00a0 Profits are on track for a 2.7% year-over-year increase.\u00a0 Prior to the beginning of the reporting season, earnings were widely expected to show a slight decrease because of the tariff situation.<\/p>\n

 <\/p>\n

The markets didn\u2019t like anything that happened last week with the Dow slipping (2.59%), the S&P500 (3.07%), the Nasdaq Composite down (3.92%) and the Russell 2000 (2.85%).\u00a0 The International Stock Indexes didn\u2019t fare any better with the MSCI EAFE Developed Market Index losing (2.84%) and the Emerging Market Stock Index down (4.24%).<\/p>\n

 <\/p>\n

Bonds as expected increased .98% as represented by the Barclay\u2019s Aggregate Bond Index which is now up 7.14% year to date last Friday.\u00a0\u00a0 The yield on the 10 Year US Treasury closed last Friday @ 1.85% down from 2.07% the week prior. \u00a0Remember it wasn\u2019t too long ago (mid 2018) that the 10 Year Rate hit 3.25% and most people thought the direction was higher.\u00a0 Not this advisor!!<\/strong><\/em><\/p>\n

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Question of the Week…<\/em><\/strong><\/h2>\n

What is the Oldest Hamburger Chain in the United States?<\/p>\n

    \n
  1. McDonalds<\/li>\n
  2. Burger King<\/li>\n
  3. Denny\u2019s<\/li>\n
  4. White Castle<\/li>\n
  5. Checkers<\/li>\n<\/ol>\n

     <\/p>\n

    Answer to last week\u2019s question\u2026!<\/em><\/strong><\/h2>\n

    Who is the longest tenured Federal Reserve Chairperson?<\/p>\n

    1. Ben Bernanke
    \n2. Marriner Ecles
    \n3. Alan Greenspan
    \n4. William Martin<\/p>\n

    The answer is #4 <\/strong>William Martin – who served 18 years and 9 months from 1951 through 1970.\u00a0 Alan Greenspan was 2nd<\/sup> having served 18 years and 5 months from 1987 through 2006.<\/p>\n

     <\/p>\n

    For information on our upcoming September 2019 Educational Medicare Workshop, please click HERE<\/a>.<\/span><\/span><\/strong><\/h1>\n","protected":false},"excerpt":{"rendered":"

    China Deal Looking Illusive \u00a0 It certainly looks as of now, that a China deal prior to our upcoming 2020 US Presidential Election may not happen\u2026the war just intensified with President Trump announcing a 10% tariff on the $300 Billion of remaining Chinese imports to begin September 1st.\u00a0\u00a0 This domestic tax will apparently be directed […]<\/p>\n","protected":false},"author":3,"featured_media":198,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[19,7,9,4,3,13],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/197"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=197"}],"version-history":[{"count":0,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/198"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}