Daily Market Commentary

January 11, 2019

Bonds
U.S. stock futures slipped with European shares on Friday, while Asian equities rose at the end of a week when sentiment was mostly bolstered by a dovish tone from the Federal Reserve and hopes for a breakthrough on trade. The dollar fell and Treasuries advanced.

Economy
Economists put the risk of a U.S. recession at the highest in more than six years amid mounting dangers from financial markets, a trade war with China and the federal-government shutdown.

Global
The U.K. Parliament continues to debate Theresa May's apparently doomed Brexit deal, with speculation mounting that exit day will be delayed. The pound rose on growing expectations that Brexit will be postponed.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy or sell.

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