- Stocks suffer 2nd weekly decline of 2019, as S&P 500 hits resistance and quad top at 2,800. REITs climb modestly & recapture the title for best performing asset class.
- Advantage to small stocks & value stocks has narrowed – no longer a clear style leader. Healthcare – one of last year’s best performer is a notable 2019 laggard.
- In the dueling sagas of Brexit and US-China trade, trade deal still expected, but Brexit headlines are grimmer. Tuesday’s Brexit vote not expected to pass.
- Strong rally in Treasuries last week. Fed Chair Powell interviewed on 60 minutes – reveals little & preaches patience as Fed’s stance.
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