May 31, 2019 – On Thursday May 30, President Trump unexpectedly announced new tariffs on imports from Mexico, tying the policy to illegal immigration.
May 29, 2019—On May 24, Theresa May announced that she would resign as Conservative Party Leader and Prime Minister (PM), effective June 7. She said that she would stay on as caretaker until a new leader is elected, which is expected by the end of July.
May 23, 2019 – Financial system stress comprises an important set of variables that we continually track. While not always indicative of where or when the next recession will start, we do believe it helps us find pockets of the market that may be more prone to breaking down. Importantly, the Federal Reserve now produces a biannual study, named the “Financial Stability Report,” and its second issue was released two weeks ago.