Financial News and Portfolio Management Discussion through September 8th

US Stocks fell over the week on renewed talk of raising tariffs and inflation concerns. The S&P 500 fell 1.0% and the Dow eased 0.2% for the week. Internationally, Japan dropped 2.4% and Europe sank 2.2% for the week. Emerging markets fell into bear market territory over the week. The 10-year Treasury yield gained over the week ending at 2.94%. Article

The August jobs report slightly topped expectations with 201,000 jobs added making the monthly average rate for the year 185,000. The unemployment rate remained steady at 3.9%. Wage growth picked up gaining 2.9% from a year earlier. It’s the fastest pace of wage growth since mid-2009.  Article

August auto sales were flat as a result of weak sales from GM.

Manufacturing picked up pace in August and topped expectations.




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