This week was a strong one for the US capital markets, and the Nasdaq index led the way again this week, posting a gain of 4.2% for the week. This puts the Nasdaq up 9.5% for the year, while the S&P500 is at 4.2% and the Dow is at 2.5%.
Oil continues to stay strong and is up to $62.10 per barrel. The Dollar Index went above 90 on a stronger dollar, and gold was flat for the week.
In economic news, the jobs data came out and February showed that 313k jobs were added in the US economy, which was the most since July 2016. Unemployment remains at historic lows of 4.1%. The big news this week was the tariffs signed by President Trump on steel and aluminum imports. Exemptions from the tariffs were given to Canada and Mexico, and the markets did not react well to the news initially, but other economic data and sentiment prevailed to push stocks higher.
On the political side, Gary Cohn resigned as director of the National Economic Council as he did not agree with the President’s tariffs, desiring for open and free-trade. Also, the markets reacted positively to news that North Korean President Kim Jong Un and President Trump agreed to sit down and discuss denuclearization of North Korea.
Overall, it was a good week for the US capital markets. 2018 has been a volatile year thus far, and I suspect the swings will continue to a trend to the upside.
Good luck,
Brian
I had to admit - I expected more of a Cohn + tariff driven sell-off but the red was only temporary. In the end, looks like the bull run is still primed to continue. Even Lloyd B's retirement announcement wasn't enough to dissuade buyers from GS (which I appreciated). For now, I'll continue to tentatively add to my portfolio but man does this market seem overheated...
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Thank you for that good news, it's great to see the rise of the capital markets indices, the continued strength of the price of a barrel of oil,Economically very good for the existence of such a number of posts poet, I think the unemployment rate is low,We have unemployment rates of more than 65% in my country, and I hope to find a solution to the unemployment we are experiencing in general، I was happy with that political news of Korean disarmament, because it is all making tension and anxiety all over the world، I sincerely hope that peace prevails in all the countries of the world. In the end, we are human beings, and we always want peace, goodness and love among us. We are all on this small planet. Brothers and friends. We are people and loved ones everywhere.
Good luck my dear brother @brian.rrr 👍👍😉
All the best for you my dear @brian.rrr 😃😃😊
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Something exemplary where each country should take into account for its wise administration.
Actually something very exemplary.
@calitoo
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us capital markets this is a very important tropic for me.you always to give new idea new valuable tropic matter.i am really learning alot of thing new in your every post.you are a very experienced man.you encourage me for my steemit work properly.this information very goods for todays.i am knowing everything to see your post.thank u very much for your good post sharing..good job sir.. @brian.rrr
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Hello friend @brian.rrr. Excellent your friend publication, you always keep us informed about how the capital markets are going in the USA, for those who are from there the information favors them a lot and for those who do not, as it is my case that I am not from there, it is pecfecto also because I am so aware of these news that are international, even though they have nothing to do with my country venezuela that if it goes through a difficult economic situation, it is good to know important things from other parts of the world. Thanks for the post and always your so intelligent feeding us with information like this. Greetings from here in Venezuela
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Hello friend, a whole financial analysis of the US market, I do not know much about this topic, but little by little with your publications I am learning, thank you, greetings to your beautiful family!
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friend I do not know much about how things move in the United States I think it seems good to me with regard to unemployment, here in my country every time increases the unemployment is sad I hope everything improves, by the way with you every time I learn a lot you are good at explaining these issues
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Very nice economics and market brief @brian.rr. I believe the economy will continue to do well and the stock market will reach peak highs in 2018. However, I am curious as to what you think about a potential recession that may follow in 2019 or 2020. As we know, a recession has been long due, and we have not had one for a decade. Market cycles tend to be cyclical and with peaks come troughs that tend to follow quickly after. I am also curious as to how you think Trump's policy on trade as well as the Fed's upcoming interest rate hikes will affect the markets. Thanks, great job!
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I hope to succeed
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Well, there is growth unlike my country which seems to be going backwards with each passing day.
Though unemployment is a major concern, it's rising in every country I think
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Well I think there is an economical growth. Hope such growth be in our country.
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Great statistical analysis Buddy @brain.rrr..
Your explanation is always effective ....
Thanks.
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Hi.. Your post is very good, and I learn a lot in every post you that I follow. whether it is a photo or writing. Thank you for accepting me as your friend. I'm so glad .. And it's an honor for me if you would like to visit my blog..by @imranpase
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good work..and I apprec. your support on my ocassional market report..you will see fairly soon and from prob. higher levels ...new highs doubtful..major decline and much higher prices for silver and bitcoin as well..eventually..
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thanks for sharing this article. we learn more think about us in this post. the economy in this years look like great because a huge amount profit earn this year. i think it may be increase day by day.
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Very good your information especially for what we know little or nothing about the matter, you are a businessman.
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Hi, your friend as always with the whole economic system of the United States, thank God this week was very positive for you.
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What do you think about the sbd price?
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Personally, I think anything above $1.00 is a gift as that sheer is is pegged... I sell my SBD for steem and then power it up!
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Last week using our Stock Miner feature we traded CVRR. Historically it returns 6% for the week 99% of the time. Last week it beat that return with a return on investment of 13%
https://www.mtrig.com/help/stockminerhelp/stockminerhelp.aspx
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Like every week, waiting for the weekly report, how nice was a good week for the United States, what the price of a barrel of oil was good, let's hope it stays a good week. Let's hope that virtual currencies also have a bit of strength!
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Excellent report as always informing of the economy! I like to read to be aware of the news! I'm glad to know that the US economy will close positively! let's hope for good figures this week
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