Quarterly Market Summary and Outlook – October 2019

Since the most recent market low at the end of March, semiconductors (microchips, commonly called chip stocks) have been a very popular trade. In less than three months, the PHLX Semiconductor Index has more than doubled—see Figure 1.

Just before the start of the war, WTI crude oil traded at about $67 per barrel, according to MarketWatch. By last week, the price of oil had fallen to within about $1 of its pre-war price.

The recent pickup in job growth is welcome news for job seekers. But June’s jobs report left more questions than answers. Here’s why.

As the United States approaches the 250th anniversary of its founding—a milestone known as the Semiquincentennial—the Declaration of Independence remains as important as ever.

The Federal Reserve surprised no one by holding its key rate, the fed funds rate, at 3.50–3.75%.