Markets continued to give a mixed response to President Trump’s unexpected weekend tweet.

Sunday’s announcement by President Trump of an escalation of tariffs on China is a clear potential negative for both the industrials and materials sectors.

Posted by: Paul Donovan

First quarter displays a bifurcated industrials market.

Overall, the labor report for April showed that the labor market is continuing to get tighter.

Posted by: Paul Donovan

Last September, the vice premier canceled a trade trip in response to the US holding a “knife to China’s neck,” as one senior Chinese official then characterized it.

The FOMC made a technical rate adjustment, lowering the Interest on Excess Reserves (IOER) rate to 2.35%, down from 2.40%.

Posted by: Paul Donovan

Forward-looking survey-based manufacturing data has marked a disappointing start to the second quarter.