Macro Overview – August 2019

Kent Forsey, CFP® Bonds, Dow Jones, Economic Update, Economy, Euro, Macro Overview, Stock Indices, Tariffs, World Economies

Trade tensions escalated as the U.S. announced a 10% tariff commencing September 1st on $300 billion of Chinese imports that haven’t yet been subject to any tariffs.  The additional tariffs would essentially apply to nearly all imports from China.  Another $250 billion in Chinese imports have already been subject to a 25% tariff for the past few months. While this …

Euro Getting Stronger, Dollar Getting Weaker – Currency Update

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Currencies, Euro, US Dollar

A strong dollar is a positive when traveling abroad as your purchasing power is increased.  A weaker dollar does have its advantages, however, as our exports will usually increase creating a stronger economy. Though currently valued at 1.17, the euro jumped above 1.20 in August for the first time in 2 1/2 years as weaker than expected U.S. economic data …