- US equities traded down slightly on the week, following uncertainty in US-China trade talks as a result of tensions in Hong Kong.
- The yield on the 10-year US Treasury Note declined from 1.83% at the start of the week to 1.77% at the end of the week.
- The US dollar finished basically flat against a basket of currencies, sliding modestly from 97.99 to 97.91.
- WTI crude hit its highest level in a month on November 22, trading at $58.68/barrel as of midday Friday.
- October Federal Reserve minutes were more optimistic, citing easing, yet still elevated, geopolitical risks and trade tensions. Despite having cut the federal funds rate to a range of 1.5% – 1.75% at its late-October meeting, the central bank signaled a pause in rate cuts going forward.
Click here to download the complete weekly report: EWMWeeklyReview 11.25.19
Disclosure: Past performance is not necessarily indicative of future results.