![](https://myfw.com/wp-content/uploads/2024/08/Risk-Management-for-Family-Enterprises.jpg)
Week in Review 8.16.19
August 19, 2019
Week in Review
Week Ending: Friday, August 16, 2019
Recap & Commentary
In response to the new round of weak data, investors further crowded into U.S. Treasury bonds, which resulted in an inversion of the yield curve, wherein the yield on the 10-Year Treasury fell below that of the 2-Year Treasury, for the first time since 2007. Often considered a harbinger of recession, the brief inversion- it lasted less than a day- further inflamed current recessionary fears.
As various central banks have moved to cut rates in response to slowing growth, by some measures the total value of global bonds with a negative yield now stands at ~$16T.
Economic Bullet Points
Industrial Production slowed 0.2% in July although the prior month’s reading got a 0.2% upward revision. Overall, manufacturing and mining industry data remains in a trend decline thus far in 2019.
Housing Starts fell 4% in July to a 1.2 million-unit pace. While starts have fallen three straight months, most of the drop has been in multifamily units.
Small Business Sentiment, according to NFIB Small Business Optimism data, rose in July, indicating that owners are navigating trade uncertainty well.
Of Note
Market Indices Week Ending 8/16
S&P 500 | -1.0% |
Small Caps | -1.3% |
Intl. Developed | -1.6% |
Intl. Emerging | -1.8% |
Commodities | -0.8% |
U.S. Bond Market | 1.0% |
10-Year Treas. Yield | 1.55% |
US Dollar | 0.7% |
WTI Oil ($/bl) | $55 |
Gold ($/oz) | $1,520 |
The Week Ahead
- Leading Indicators
- Existing Home Sales
- New Home Sales
- Jobless Claims
First Western Trust
1900 16th St., Suite 1200 Denver, CO 80202
Phone: 303-531-8100
Website: www.myfw.com
Colorado: Aspen | Boulder | Cherry Creek | Denver | Denver Tech. Center | Ft. Collins
Arizona: Phoenix | Scottsdale
Los Angeles, CA: Century City
Wyoming: Jackson Hole | Laramie
Newsletter Sign Up
Insights
Week in Review: August 30, 2024
Recap & Commentary Markets ended the week relatively unchanged as investors seemed content to bide their time following Fed Chair […]
Learn more![](https://myfw.com/wp-content/uploads/2024/08/iStock-923181658.jpg)
Why Your Family Business Could Benefit from a Board
Running a family business is both rewarding and challenging. It involves balancing family relationships with business objectives, navigating complex dynamics, […]
Learn more![](https://myfw.com/wp-content/uploads/2024/09/Why-Your-Family-Business-Could-Benefit-from-a-Board.jpg)
How Pruning Your Business Can Create New Growth
Just as a gardener must sometimes prune branches, leaves, and roots to ensure a thriving, healthy garden, business leaders must […]
Learn more![](https://myfw.com/wp-content/uploads/2024/07/How-Pruning-Your-Business-Can-Create-New-Growth.jpg)
Week in Review: August 23, 2024
Recap & Commentary Markets ended the week higher, boosted by comments from Fed Chair Jay Powell all but confirming the […]
Learn more![](https://myfw.com/wp-content/uploads/2024/08/iStock-1044276446.jpg)
August 2024 Market Commentary
After a quiet start to the summer, markets witnessed an uptick in volatility in July as investors weighed whether slowing […]
Learn more![](https://myfw.com/wp-content/uploads/2024/07/iStock-521264052.jpg)