The rear-view mirror continues to be kind to the major asset classes for year-to-date results. Every slice of the global markets is sitting on gains, based on a set of exchange-traded funds for 2019 performance through Friday’s close (May 24). But cracks are starting to appear in the foundation of this across-the-board rally.
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China’s gov’t sharply criticizes US engagement with Taiwan: CNN
Trump: Japan’s military will reinforce US forces throughout Asia: Reuters
Europe’s political center weakens after EU election: First Things
Iran: no prospect of negotations with US: Reuters
5G telecom growth in US threatened with trade battle with China: WSJ
Who will succeed ECB chief Mario Draghi? WSJ
Senate GOP vows to kill any impeachment charges against Trump: The Hill
GDPNow estimate of US Q2 GDP growth at sluggish 1.3%: Atlanta Fed
US core durable goods orders in April post smallest 1yr gain in over 2 years: