30 April 2019

1) Reports are that China and the U.S. are nearing the conclusion of talks to overhaul their economic relationships. Talks are nearing a point where they will produce a deal or end with no agreement. These talks have been in progress for months and have included tariffs from both sides, and in the process have upset world markets. The biggest obstacle is agreeing on how to enforce an agreement.

2) This March, U.S. consumer spending has increased the most in nine years, driven by purchases of motor vehicles. However, fears of inflation remain mute, giving support to a stronger economic growth in the second quarter.

3) Corporate economists consider there will be slower U.S. growth in the future. They fear the tariffs recently imposed are a drag on growth. Still, they consider the economy will continue to expand, just not at a fast rate.

4) 29 APR 19 Stock market closings:

 Dow             26,554.39    up    11.06
Nasdaq           8,161.85    up    15.45
S&P 500          2,943.03    up      3.15

10 Year Yield:    up   at    2.54%

Oil:    up   at    $63.57

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