- Stocks rallied, with the Dow breaking a six-week losing streak. This was the longest weekly losing streak since June 2011. Domestic equities outpaced international stocks, and emerging markets stocks trailed developed equities. Growth and value traded mostly in line, with both styles experiencing strong weekly gains.
- The yield on the 10-year Treasury Note was lower, trading below 2.10% for the first time since 2017, and fell to 2.06% on Friday, from 2.14% the prior week.
- World Bank lowers its outlook for global growth. The World Bank released a research report Tuesday, cutting its forecast to 2.60% for 2019 global growth, down from 2.90% previously, citing a slowdown in trade growth to the weakest level since the financial crisis.
- ADP Employment Change reading at a three-year low. The monthly jobs report came in well below forecast, at just 27,000 jobs in May, the fewest number created since March 2010, and down from a revised 271,000 in April.
Click here to download the complete weekly report: EWMWeeklyReview 6.7.19
Disclosure: Past performance is not necessarily indicative of future results.