Tariffs continue to loom large over the markets with the current administration taking the broadest possible view of national security on Friday helping to send share prices down.
Tough talk about tariffs troubled the global equity markets last week, with all 11 industrial sectors in the S&P 500 retreating from previous highs by Friday’s close. Although politics may have exacerbated anxiety about the state of international commerce, many market analysts have been concerned about the impact of the stronger U.S.
Even non-sports fans know the baseball origins of words like home run and strikeout. However, the English language has also been enriched by expressions with somewhat forgotten connections to our national pastime.
The S&P 500 so far looks to be doing significantly better this earnings season than projected. With 78% of companies reporting, the index earnings-per-share (EPS) decline looks to be only -0.8% instead of the –4% that was forecast as of 3/31/2019.
Domestic stock indices advanced to new highs last week, as government and corporate reports painted a positive picture of the U.S. economy.
Back in Victorian England , the British periodical The Strand would delight its European readers with true stories of exotic American oddities. One such example was the Philadelphia Phonograph School of Languages for Parrots run by a woman identified only as Mrs. Hope.
During an abbreviated week of trading, the domestic stock markets were relatively tranquil as a whole, although certain sectors saw significant movements. The S&P 500 Health Care sector dropped –4.4% last week, as companies felt increased political pressure to curb health care costs.