Financial News and Portfolio Management Discussion through August 31st

US stocks broke a four-week losing streak to end August on a positive note driven by hopes on US/China trade talks.  The S&P 500 rose 2.8% and the Dow jumped 3.0% for the week.  Abroad, Japan was flat and Europe gained 2.2% for the week.  The 10-year Treasury yield edged down further ending the week at 1.50%.  Gold rose to $1,519 a troy ounce up 6.5% for the month and moved above $1,500 for the first time in six years.

UK Prime Minister Johnson moved to extend Parliament’s break in a bid to reduce opposition from lawmakers stopping an abrupt exit from the EU.

Revised second-quarter GDP showed the US grew at a 2%, down from the previously estimated 2.1%.

Personal consumption expenditures, a measure of household spending, rose 0.6% in July over June.

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