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Pence Perspectives – Q1 2019

Clear Eyes, Steady Hands Click to View PDF Version Executive Summary: We think 2019 will be a positive year for stocks but expect continued market volatility We expect one rate hike from the Federal Reserve in 2019 We do not expect a recession in the United States in 2019 or 2020 We expect a short-term resolution on trade tensions Bottom Line Up Front: A good […]

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2019-07-18 Blog Headline Image

WALL ST. DIPS AS TRADE WORRIES WEIGH; NETFLIX TUMBLES

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note. Shares […]

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2019-07-17 Blog Headline Image

WALL ST. FLAT AS RAILROADS SLIDE AFTER CSX SIGNALS TRADE IMPACT

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS U.S. stocks treaded water on Wednesday as trade-related weakness hurt CSX’s profit, leading to a decline in railroad stocks and offsetting gains in shares of Abbott and Qualcomm. Shares of CSX recorded the steepest fall on the […]

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2019-07-16 Blog Headline Image

STOCKS SLIP AS BANKS POST MIXED EARNINGS

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS U.S. stock indexes treaded water on Tuesday as Wall Street’s big banks swung between gains and losses after their quarterly results drew mixed reactions from investors. JPMorgan, the largest U.S. bank by assets, beat profit estimates but […]

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2019-07-15 Blog Headline Image

U.S. STOCKS TREAD WATER

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS U.S. stocks drifted between small gains and losses Monday as investors weighed second-quarter earnings from Citigroup and looked ahead to results from other large banks. Analysts currently expect S&P 500 companies to post a roughly 3% drop […]

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2019-07-12 Blog Headline Image

S&P 500, DOW HIT RECORD HIGH AT OPEN ON HOPES OF RATE CUT

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS The S&P 500 and Dow indexes hit a record high at the open on Friday, after Federal Reserve Chairman Jerome Powell’s dovish remarks this week boosted bets of an interest rate cut this month. Minutes from the […]

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2019-07-11 Blog Headline Image

HEALTH-CARE RALLY HELPS LIFT DOW OVER 27000

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS The Dow Jones Industrial Average rose, crossing 27000 for the first time, as shares of UnitedHealth helped the blue-chip index rally more than 200 points after the Trump administration dropped a plan that would have upended the […]

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2019-07-10 Blog Headline Image

S&P 500 TOPS 3,000

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS The S&P 500 surged above 3,000 for the first time. The Dow Jones Industrial Average joined the S&P 500 at an all-time high after the Fed chairman said in prepared remarks that downside risks to the economy […]

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2019-07-08 Blog Headline Image

STOCKS FALL AS PROSPECTS OF FED RATE CUT RECEDE

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS U.S. stocks fell on Monday, dragged down by losses in Apple and Boeing and as investors cut back bets of an aggressive interest rate cut by the Federal Reserve later this month. A surprisingly strong June jobs […]

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2019-07-05 Blog Headline Image

WALL ST. SLIPS AS STRONG JOBS DATA TEMPERS BETS OF AGGRESSIVE RATE CUT

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS U.S. stocks fell on Friday, retreating from record closing highs, after a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve this month. Nonfarm payrolls rose […]

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2019-07-03 Blog Headline Image

S&P 500 HITS RECORD HIGH ON RISING RATE CUT HOPES

SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS  EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions. The benchmark U.S. […]

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