News and Trends

Senate votes to avoid government shutdown with $1.3 trillion spending bill, but Trump threatens veto- CNBC--3.23.18
The Senate has passed a massive $1.3 trillion spending bill, which funds the government through the end of September. The bill significantly boost military spending and increase funding for border security.

China plans $3 billion in retaliatory tariffs against U.S. goods - Market Watch--3.22.18
China has unveiled plans for tariffs against $3 billion in goods. after President Trump moves to impose punitive measures on Chinese exports.

Trump slaps China with tariffs on up to $60 billion in imports: 'This is the first of many' - CNBC--3.22.18
President Donald Trump has signed an executive memorandum that would impose retaliatory tariffs on up to $60 billion in Chinese imports. Trump states that "this is the first of many."

Dow drops more than 700 points on trade fears, posts worst day since Feb. 8 - CNBC--3.22.18
U.S. stocks tumbled on Thursday as traders become worried about a potential trade war and decline in tech stocks. The Dow fell over 700 points with Caterpillar, 3M and Boeing as the biggest losers.

Exclusive: If Dow enters bear market, nearly half of Americans don't have a plan, survey shows- USA Today--3.21.18
Nearly half of Americans say they don't have a plan if the Dow enters a bear market. According to one expert, "most people don't really understand the risks of investing or their own risk tolerance."

Fed raises interest rates in Powell's debut - CNN Money--3.21.18
The Federal Reserve has announced it will raise interest rates, a sign of confidence that the economy is growing stronger. This is the sixth increase since December 2015, when the Fed started tightening monetary policy.

Here’s the stock market’s biggest tail risk - Market Watch--3.20.18
A "trade war" is the top tail risk to financial markets, according to fund managers. These fund managers describe the current global economy as entering the "late cycle" period.

Goldman Sees ‘Financial Fragility’ Rising in Markets - Bloomberg--3.19.18
According to Goldman Sachs, markets are starting to become their own worst enemies. The market rout from early February is a symptom of growing "financial fragility," or big swings in prices caused by breakdowns in the markets themselves.

Signs are growing for a global trade war that could trigger a recession, Deutsche Bank says - CNBC--3.19.18
According to a Deutsche Bank analysis, a looming trade war is brewing and it could trigger anything from a mild recession to something similar to the 2008 financial crisis.

U.S. stocks finish deep in negative territory as Facebook’s troubles spark tech selloff- Market Watch--3.19.18
Stocks finished sharply lower on Monday as concerns about Facebook's management of user data sparked a selloff in technology shares. Traders are also awaiting the Fed's coming rate decision due out later this week.

US gets tougher on Russia; new sanctions, accusations - AP--3.15.18
The Trump administration has accused Moscow of an elaborate plot to penetrate America's electric grid, factories, water supply and air travel through cyber hacking. The U.S. also hit Russian with sanctions for alleged election meddling.

The stock-market correction may be only half over, if history is any guide- 3.15.18
Is history is any indicator, investors might have to wait several more weeks for the S&P to make another run at its 2018 highs. Going back to 1980, the average length of a correction has been about 44 sessions.

For financial success, plan for the best and prepare for the worst - CNBC--3.14.18
In a new survey, most people said they have experienced a financial set back in the past five years. In order to avoid financial setbacks from getting worse, smart money relies on having a balanced financial plan.

Trump considers indefinite tariffs, investment restrictions against China: Source- CNBC--3.13.18
The Trump administration is considering a trade package which includes indefinite tariffs, investment restrictions and possible visa restrictions on Chinese travelers.

Tillerson out as secretary of state as Trump taps CIA chief Pompeo- Market Watch--3.13.18
Rex Tillerson is out as secretary of state and CIA director Mike Pompeo is in. His time in the administration had been rocky as he had a series of disagreements with President Donald Trump.

It’s the 9th inning of the bull market — and there’s no chance of extra innings, David Rosenberg warns- CNBC--3.13.18
Market expert David Rosenberg is strengthening his bear case for stocks. Rosenberg states we "are in basically the ninth inning right now, and it's not going into extra innings."

The overheating economy could crash in 2019, this top forecaster says- Market Watch--3.12.18
A senior economist recently stated that current market conditions can't last forever. While he is optimistic about the economy, he fears growth isn't sustainable and "everything is pointing to an overheating economy."

Are you at risk of retiring broke? If you are, you’ve got company. - The Washington Post--3.12.18
A recent survey found that 42% of individuals have $10,000 or less saved. 45% of those who had nothing saved up said they simply don't make enough money to do so.

‘It could be a deep correction’ — J.P. Morgan co-president warns of 40% stock pullback - Market Watch--3.8.18
The stock market is set for a plunge by as much as 40% in the next two to three years, according to a warning from J.P. Morgan Co-President Daniel Pinto in a Bloomberg interview. A 40% plunge would erase all the recent gains for U.S. stocks.

Is the bull market for stocks moving into a more dangerous phase?--3.8.18
The bull market is turning 9 and has likely entered its final phase. Financial "bulls" have life stages just like people do and each phase is distinctive.

S&P 500, Dow close lower on Cohn resignation; Nasdaq extends win streak- Market Watch--3.7.18
Both the S&P and the Dow closed lower on the news that top White House economic advisor Gary Cohn has resigned. Cohn's resignation stoked fears of a trade war.

Trump to Sign Tariffs on Thursday but Some Countries Could Escape Them - NY Times--3.7.18
President Trump is expected to sign off on stiff tariffs on steel and aluminum imports at noon on Thursday. The White House did state that close allies could be exempted.

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