by Rob Richardson, CFA®
- Solid week for U.S. Equities – Led by Tech (+2.2%) and Industrials (+2.1%).
- Consumer Price Index (CPI) +2.9% Year to Year (Y/Y), Core CPI 2.3% Y/Y – Both met expectations. ¹
- International Monetary Fund (IMF) kept its global economic forecast unchanged, expecting 3.9% global growth in 2018. ²
– BUT, growth may be peaking in Euro Area and Japan
- Trump/Putin Summit likely to dominate the news cycle early this week – and influence market.
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Rob Richardson, CFA® works for Fidelis Wealth Advisors, LLC in institutional asset management and research. Most recently he covered hedge funds for Intermountain Healthcare’s Pension and Corporate Investment portfolios. Prior to that he worked as a Research Analyst for The Broe Group, researching private equity and venture capital opportunities, and Stifel Financial as an Equity Research Associate covering Applied Technology stocks. Rob is also a CFA Charterholder and a graduate of Lockheed Martin’s Finance Leadership Development Program.
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