- Equities faced selling pressure Thursday and Friday on news that President Trump will not meet with Chinese President Xi prior to the March 1 deadline. Markets appear to be in a holding period as investors await further news on a US/China trade deal, Brexit, and a bipartisan resolution to prevent another government shutdown.
- The yield on the 10-year U.S. Treasury Note increased to 2.73% on Tuesday before declining below 2.65% on Thursday and Friday.
- British Prime Minister Theresa May was in Brussels for meetings with other EU leaders to avoid a hard Brexit, which is 50 days out.
- Bill Gross announced his retirement this week. The investor once known as the “Bond King” co-founded PIMCO in 1971 and managed client assets for more than forty years, most recently at Janus.
- Among major economic data, initial jobless claims fell from a one-and-a-half -year high last week, decreasing by 19,000 to 234,000.
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Disclosure: Past performance is not necessarily indicative of future results.