W. Edward Newton Jr., CFP (R) | 13850 Ballantyne Corporate Place, Suite 500 | Charlotte, NC 28277 | 704-552-8689

 

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! Ed

 



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Regards, W. Edward Newton Jr., CFP (R)

Certified Financial Planner

 

 

 

 

W. Edward Newton Jr., CFP | Certified Financial Planner

13850 Ballantyne Corporate Place, Suite 500 Charlotte, North Carolina 28277 Phone: (704) 552-8689 | Email: ed@newtonwealthmanagement.com