- US equities traded mostly lower during the week on disappointing earnings concerns, worries about the health of the economy, and lack of progress in resolving the trade dispute with China.
- The Yield on the 10-Year US Treasury Note drifted lower toward 2% over the course of the week, or more than one percentage point below its peak last November.
- The US dollar finished weaker against a basket of currencies, reflecting rising expectations that the Fed could cut short-term lending rates by 50 basis points, rather than a more typical 25.
- Gold extended its rally and hit a six-year high on concerns about worsening relations in the Middle East, a lower dollar, and falling government bond yields.
- Oil prices have declined to their lowest levels in a month, despite growing tensions in the Middle East, as weaker demand and growing US inventories weighed on the market.
Click here to download the complete weekly report: EWMWeeklyReview 7.22.19
Disclosure: Past performance is not necessarily indicative of future results.