Weekly Market Commentary

The ongoing disputes involving the US and its trading partners have been punctuated by uncertainty and volatility.  The announcement that the US was considering implementing a 5% tariff on imports from Mexico on June 10th did not come to fruition as some pundits were projecting. Still, this added another dimension to the negotiations, especially because the use of tariffs to attain a non-trade related goal is new to this debate.  Regardless, it appears that any potential new front in the trade war will likely make it increasingly difficult to forecast future movements in the markets. Domestic financial markets do not need a perfect resolution, but they do need some clarity to continue moving higher. 

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