Trade barriers, once constructed, are not easy to remove and their implementation is likely provide a slower backdrop for financial market performance.
Negative effects would occur in the context of an economy less energized by fiscal stimulus than was the case last year.
As the U.S. becomes entirely self-sufficient and even begins to become a net exporter of oil, it is likely to keep a lid on oil prices in the long-term.
Earnings growth may shake out in the low single digits when all is said and done, but at the current juncture, the risks feel tilted to the downside.
This weekly update provides a snapshot of changes in the economy and markets and their implications for investors.
For a market that is anticipating two more cuts through the end of next year, expectations may need to be tempered.
Investors may want to consider reducing exposure to European financial markets during this period of heightened political, economic and policy uncertainty.
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Monday���s spike in the repo rate is not extraordinarily worrisome, given both the context surrounding its timing and the availability of potential remedies.
One of the reasons the Fed has justified cutting interest rates is the lack of inflationary pressures in the domestic economy. Indeed, core PCE has averaged just 1.6% over the past decade, below the Fed���s 2% target.