The S&P 500 (SPX) was up 1.44% today, but finished down for the third straight week. Financials sold off this week as banks are under pressure in a low rate environment. Tech outperformed this week and Consumer Staples performed best. Overall, this volatile week was dominated by headlines of recession concerns as the 2-10 yield curve briefly inverted and also by China as there has been some flip-flop on sentiment regarding our trade status with them. Additionally, there was some weak German economic data as Economic sentiment has fallen to lowest level since 2011.
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