- US equities traded broadly higher this week, with the indices up between 1% and 2%. Non-US equities also rose, with the regional indices up 1.5%-2.0%.
- The Yield on the 10-year US Treasury Note drifted higher in the holiday-shortened week. The 3-month / 10-year Treasury curve remains inverted, with the Treasury bill yield roughly 40 basis points higher.
- The US dollar finished weaker against a basket of currencies, reflecting both rising expectations of a Fed rate cut later this month and renewed optimism over trade talks with China.
- Gold was down slightly on the week after rallying more than 2% through mid-day Wednesday.
- Oil prices were up slightly from their pre-holiday close. A sharp rally on Wednesday erased Tuesday’s losses. Prices have been tightly range bound since early August.
Click here to download the complete weekly report: EWMWeeklyReview 9.9.19
Disclosure: Past performance is not necessarily indicative of future results.