by Dan Zalipski, CFA & Scott Rosenquist, CFA
Market Update
With twitter tirades, tariff threats, and trouble in tech, it sure is noisy out there. The U.S. markets, as measured by the S&P 500, re-tested February lows as the quarter came to an end. The volatility was fed by escalating trade disputes as the Trump administration raised the prospect of additional tariffs on Chinese products, with the Chinese responding in-kind with their own tariffs on U.S. imports. The tech sector wrestled with its own problems which added to the pain; Tesla is struggling to meet production goals, Facebook is working damage control for a scandal involving the improper sharing of user’s data, and Amazon finds itself in President Trump’s crosshairs over taxes and its business with the post office.
by Jonathan Alton