Jeffers Financial Advisory | 1635 Hawthorne Dr | Plainfield, IN 46168 | julie@jeffersco.net | (317) 837-7720

 

3rd Down Week, China Devalues Currency, Bond Yield Curve Inverts, Jobless Claims Rise to 220k
for Week Ending 8/16/2019

 

The Dow losing 800 pts on Wed. with the 10-yr T-bond yield falling below the 2-year T-bond yield, helped log a 3rd down week. For the week the Dow lost 401 pts or -1.53%, the S&P fell 30 pts or -1.03%, while the NASDAQ slid 63 pts or -0.79%. China tariff fears & currency devaluation helped fuel initial market fears, then tariffs scheduled for September were delayed until 12/15/19. Jobless claims rose slightly to 220k last week. Have a good weekend! Julie

 

 



If you have comments or questions on the information in these articles,
as usual feel free to call our offices.  Julie Jeffers - Jeffers Financial Advisory.com

 

 

 

 

Julie Jeffers | Jeffers Financial Advisory | 1635 Hawthorne Dr | Plainfield, IN 46168
julie@jeffersco.net | (317) 837-7720 | www.jeffersfinancialadvisory.com