Daily Market Commentary

May 16, 2018

Bonds
Treasury investors betting 10-year yields would face a "psychological" barrier at 3 percent were surprised by this week's rout. Elliott Wave analysis suggests more pain is in store.

Economy
U.S. new-home construction declined in April as fewer starts of apartment projects outweighed a modest improvement in single-family structures, government figures showed Wednesday.

Global
Russia's economy grew less than forecast for a third straight quarter despite a rebound in oil prices, another setback to the recovery even before the latest round of U.S. sanctions delivered a new blow.

The information 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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