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Perspectives + Prospects

Market Week in Review The U.S. stock market ended the week lower amid plummeting retail sales and Fed Chairman Jerome Powell describing the economy’s path as uncertain.  Consequent to Powell’s comments interest rates also moved moderately lower with the 10-year treasury yield dropping from 0.69% to 0.64%, meanwhile the 2-year treasury yield was unchanged at 0.16%.  The price of gold rose over 2.0% to $1,754 an ounce as poor economic data drives up the demand for the haven metal.  The price of crude oil had another positive week, rising over 7.0% to $29.76 a barrel, amid further production cuts of…

Perspectives + Prospects

The Market Week in Review The U.S. stock market finished the week higher despite record breaking unemployment numbers as some states begin the early phases of reopening their economies’.  Interest rates moved higher on the longer end of the curve as the 10-year treasury yield rose from 0.64% to 0.69%, but moved lower on the shorter end with the 2-year treasury falling from 0.20% to 0.16%.  The price of gold was little changed on the week, rising only $2 to $1,709 an ounce.  The price of crude oil continues to rise higher after dipping below $0 a barrel on April…

Perspectives + Prospects

The Market Week in Review Despite GDP revealing that the U.S. economy shrunk by 4.8% in the first quarter of 2019, the U.S. stock market ended the week slightly higher amid optimism of a coronavirus treatment.  Interest rates moved higher as the 10-year treasury yield rose from 0.60% to 0.64%.  However, shorter-term yields fell slightly as the Fed left the federal funds rate near zero.  Consequently, the spread between the 10-year treasury yield and the 2-year treasury yield widened from 0.38% to 0.44%.  The price of gold fell over 2.0% to $1,707 an ounce as demand for the haven metal…

Perspectives + Prospects

The Market Week In Review The U.S. stock market ended the week lower as oil continues to plunge and coronavirus concerns linger.  These concerns also sent interest rates lower as the 10-year treasury yield fell from 0.65% last week to 0.60% today.  Meanwhile the spread between the 10-year treasury yield and the 2-year treasury yield narrowed from 0.45% to 0.38%.  The price of gold rose nearly 3.0% to $1,744 an ounce this week as investors continue to flee to the haven metal.  The price of crude oil continues to tumble over concerns of a vast surplus and even dipped below…

Perspectives + Prospects

Welcome to the inaugural edition of Perspectives + Prospects, a weekly newsletter for clients and friends of The Milwaukee Company. The purpose of this newsletter is to provide you, the individual investor, with information that will help you invest more wisely and with greater success. In each issue we’ll share our views on key aspects of economics, financial markets, and policy decisions in Washington and elsewhere that are informing our thinking on investment strategy and risk management. I hope you find Perspectives + Prospects to be interesting and useful. I would greatly appreciate your feedback and suggestions. Andrew J. Willms, …

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