Get an inside look into some of the biggest stories\ninfluencing the market – From the Fed shifting its stance on rate cuts to new\nupdates on the \u201ctrade war\u201d and the IPQ craze rewarding lesser known companies.\nGet the details by reading on.<\/p>\n\n\n\n
The Federal Reserve\nHolds Rates Steady \u2013 <\/strong>The Federal Reserve met on Wednesday, with many market\nparticipants expecting no change to rates but hoping <\/em>that the Fed would shift its stance on the possibility of\nrate cuts in 2019. The Fed, it seems, delivered on that hope. Federal Reserve\nChairman, Jerome Powell, said in a statement that \u201cthe case for somewhat more\naccommodative policy has strengthened,\u201d which echoed a statement he made in\nJanuary about a weakened case for tighter monetary policy. The outcome of that\nstatement in January was all but assurance that rates would not move higher in\n2019, and the outcome of Powell\u2019s statement on Wednesday appears to be the\nexpectation of a rate cut coming in 2019. The Fed cited recent economic data in\nthe U.S. to justify not cutting rates just yet, as the job market remains tight\nand inflation readings are modest but not overly low. Fed officials appear more\nworried about global economic conditions versus conditions here in the U.S.,\nunderscored by the statement that \u201cit\u2019s really trade developments and concerns\nabout global growth that are on our minds.\u201d The market moved higher on the\nnews, supported by the Fed\u2019s renewed commitment to sustain the economic\nexpansion by whatever means necessary. Meanwhile, in Europe, ECB President\nMario Draghi gave indication this week that the central bank could cut interest\nrates in the near future, and perhaps even expand its bond buying program. The\nU.S. dollar strengthened on the news.1<\/sup> <\/p>\n\n\n\n ________________________________________________________________________<\/p>\n\n\n\n How Could the Trade War Impact Global GDP?<\/a><\/strong><\/p>\n\n\n\n One news story that merits continuous coverage is the\nongoing \u201ctrade war.\u201d Our team has been studying the various ways the trade\ndispute with China could impact global GDP growth. And in our just-released\nreport, you will get our view on the following:<\/p>\n\n\n\n If you have $500,000 or more to invest and want to learn\nmore, click on the link below to get your free report today!<\/p>\n\n\n\n Download Our Just-Released Market Strategy Report Today!<\/a>2<\/a><\/sup><\/strong><\/p>\n\n\n\n ________________________________________________________________________<\/p>\n\n\n\n The IPO Craze Has\nRewarded Some, But Not Others \u2013 <\/strong>The initial public offering (IPO) craze\ncontinues apace, but the beneficiaries of market enthusiasm have not been the\nmost high-profile companies to go public, like Uber and Lyft. Instead, the\nmarket has been rewarding lesser known companies, which have perhaps benefited\nfrom more modest (but still elevated) valuations upon listing. Companies such\nas CrowdStrike Holdings; Chewy, an online pet supplier; and Fiverr\nInternational, an online marketplace for freelance contractors, have seen solid\njumps in early days of trading. It goes to show that the IPO market is largely\nunpredictable, with winners and losers often running counter what one might\nexpect. On the whole, tech IPOs are up approximately 30% through last Friday,\nwhich is higher than the return on the Nasdaq over the same period (18%).3\n<\/sup> <\/strong><\/p>\n\n\n\n The Latest on Trade \u2013\n<\/strong>The trade saga continues, with this week kicking off a week of hearings in\nthe U.S. trade representative\u2019s office. On the agenda: consumer and corporate\ngrievances related to the planned 25% of additional tariffs on $300 billion of\nChinese imports. To date, the consumer has largely been shielded from direct\nimpact of tariffs, as many consumer goods have not yet been taxed. The<\/em> Wall St. Journal <\/em>analyzed some of the\ngoods that would get caught up in this latest round of tariffs \u2013 273 categories\nin total \u2013 and found that there were few comparable alternatives produced\ndomestically or elsewhere for many of the goods. Items like fireworks, fishing\npoles, and electric blankets almost exclusively get imported from China, to the\ntune of $66.3 billion in 2018. Many companies have voiced concern over the\nlatest round of tariffs, as they have not been able to find substitute suppliers\nto tide them over until a broad agreement is reached. President Trump and\nChinese President Xi Jinping agreed to have an extended meeting in Japan next\nweek at the G-20 Summit, but neither side has indicated that the purpose of the\nmeeting is to reach an agreement. Until then, many companies and consumers my\ncontinue to feel effects of slightly higher prices.4 <\/sup><\/p>\n\n\n\n Want a deeper look into the trade dispute and its effects on\nthe economy? Our team has been studying the various ways the trade dispute with\nChina could impact global GDP growth. In our just-released report, you will get\nour view on the following:<\/p>\n\n\n\n If you have $500,000 or more to invest and want to learn\nmore, click on the link below to get your free report5<\/sup> today!<\/p>\n","protected":false},"excerpt":{"rendered":" 2019 rate cut possible, the latest in the China trade saga, unpredictable IPO rewards<\/p>\n","protected":false},"author":3,"featured_media":7426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,73],"tags":[],"class_list":["post-8086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-client-group","category-steady-investors-week"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=8086"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8086\/revisions"}],"predecessor-version":[{"id":10743,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8086\/revisions\/10743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=8086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=8086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=8086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}