- Stocks were flat for the week. Domestic equities, as measured by the S&P 500 Index, declined marginally and were essentially unchanged from the week before. Small cap stocks experience similar performance.
- The yield on the 10-year US Treasury Note was unchanged. Yields on 10-year bonds ended the week where they started, at 2.08%. The yield curve for Treasurys remains inverted at the short end, with yields for 3-month and 6-month bills being above longer maturities out to 10 years.
- Geopolitical concerns rise. Two oil tankers were attacked in the Persian Gulf this week, increasing tensions in the region.
- China’s economy slows. For the month of May, China reported the slowest growth in its industrial output in 17 years.
Click here to download the complete weekly report: EWMWeeklyReview 6.14.19
Disclosure: Past performance is not necessarily indicative of future results.