20 September 2018

1) The Bank of Japan is holding steady amid economic uncertainty, signaling confidence in Japan’s future economy.

2) China announced it will not devalue its currency to boost its exports. Analysis forecast China’s GPD dropping this next year.

3) Janet Yellen suggested the Fed should act ahead of the next recession, by keeping interest rates low until the next downturn is fully offset.  This is a significant change from how monetary policy is currently conducted.

4) 19 SEP 18    Stock   market   closings:

Dow            26,405.76             up        158.80
Nasdaq         7,950.04        down            6.07
S&P 500        2,907.95              up            3.64

10 Year Yield:       up   at    3.08%

Oil:        $71.32    up   from    $69.80

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