Daily Market Commentary

July 11, 2018

Bonds
Choppy Treasuries price action seen over morning session after strongthan-expected June PPI data and WSJ report that China is considering delaying approval of mergers and other ways to retaliate against U.S.

Economy
The tightest trucking market in years is testing the limits of an otherwise well-conditioned U.S. expansion. It’s also tinder for accelerating inflation should the capacity constraints spark moves by companies to pass on those higher delivery costs.

Global
Political turmoil fanned by Brexit may be the last hurdle for a Bank of England interest-rate increase in August. With the U.K. economy bouncing back and consumers willing to spend again, politics is the big unknown.

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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