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Financial Market Recap – Week Ending April 5, 2019

04/10/2019
HK Financial Services

Overview: Last week began on a high note, with strong economic data out of China setting the stage for a positive week in the global markets. Stocks around the world were higher on the week, led by emerging markets (MSCI EM +2.5%), domestic (S&P 500 +2.1%) and international developed (MSCI EAFE +2.0%). Markets were encouraged by solid U.S. economic data and signs of progress in U.S.-China trade negotiations. A stronger-than-expected jobs report on Friday rounded out a strong week. Bond yields rose, with the 2-year and 10-year Treasuries both increasing around 0.1% for the week. The taxable Aggregate and Municipal indices were down 0.3% for the week, but are still up about 2.6% year-to-date.

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Provided by Ivan Gruhl, Chief Investment Officer, HK Financial Services. Sources:  Bloomberg, Pac Global, Goldman Sachs Asset Management (data). Investment advisory services offered through HK Financial Services (HKFS), an Independent Registered Investment Advisor. Commission-based securities products are sold by ProEquities registered representatives and offered through ProEquities, Inc., a Registered Broker-Dealer and member of FINRA and SIPC. Insurance products issued by many highly rated carriers. HKFS, ProEquities and Boyum Barenscheer, PLLP are independent of each other.

This material is being provided for informational purposes only with the understanding that neither HKFS nor ProEquities is rendering tax, legal or accounting advice. Please consult with your CPA or other appropriate advisors on all matters pertaining to legal, accounting or tax obligations and requirements. 8414693

 

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