Shesa's June - July 2019 Investment Blog
JUNE / JULY 2019 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Update It has been eventful past few weeks. The Dow Jones Industrial Average rallied 7.2% in June notching its best June performance since 1938. The S&P 500 posted its best first half of a year since 1997, soaring 17.3% and reaching an all-time high despite the disruption of trade talk between U.S and China. However, U.S president Donald Trump and China president Xi Jinping hold their highly anticipated bilateral meeting at the G-20 summit in Japan. Both the leaders reportedly agreed to proceed with trade negotiations after a series of escalations and tariff battle threatened to disrupt the global economy. They agreed to hold off on new tariffs at this time. This is a very welcome sign for the stock market and global economy. Hopefully, this is a positive step in the right direction. I do expect some bounce back in stock the market Monday. Meanwhile, the Federal Reserve changed its t...