What’s Trending Now? August 6, 2018

What’s Trending Now? August 6, 2018

Near-term outlook remains positive as the Fed notes “economic activity has been rising at a strong rate”. Our trend observations as of August 6, 2018.

By Justin Nuckols
Category: Economics & Markets

S&P 500: Wall Street continues trending higher at the end of earnings season, even as numerous companies cut guidance on increased costs due to tariffs.


 

10-Year U.S. Treasury Notes: Downtrends in government bonds remains alive as the Fed remains on path for two more interest rate hikes.


 

U.S. Dollar: Inflows of strong U.S. economic data have strengthened the U.S. currency.


 

Crude Oil: Discussions surrounding production boosts from Russia and key OPEC members in addition to the threat of weakening demand has challenged the bullish trend lately.


 

Gold: The precious metal continues a bearish trend as gold heads for multi-year lows.