Highlights from June 2019 – U.S. Equities rise, Global bond yields drop, Interest rate cut ahead?

U.S. Equities Soar

June 2019 saw U.S. equity market records being broken shattered.

The Dow Jones Industrial Average (DJIA) gained 7% in June, its biggest June gain in 9 decades or its best June since 1938.

The S&P 500 jumped 6.9%, its best June performance in 7 decades or its best June since 1955. The S&P 500 is up 17% in 2019 so far, the best start to a year since 1997.

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The Great Restart from July 1

After a very quiet few weeks, we will restart normal service beginning July 1. We promise to again bring you a completely refreshing perspective on everything finance, markets and banking. This time it is different.

 

Highlights from May 2019 – Hot or cool global economy?

(Apologies for the delay in this being published, it should have been published almost a month ago.)

May 2019 was the quietest month (till date) for us due to unprecedented reasons. We had hoped April 2019 will be the quietest month but turns out this time it was (again) different. Hoping to write more going forward starting July but don’t want to promise that.

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UK employment at highest ever level as wage growth lags; Unemployment lowest in 45 years; Self-employment at highest level

At the end of March 2019, the employment rate for the United Kingdom was estimated at 76.1%, the joint- highest figure on record. The UK economic inactivity rate was estimated at 20.8%, again close to a record low.

UK Employment by Gender until March 2019

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UK Q1 2019 GDP growth estimated at 0.5% (QoQ) and 1.8% (YoY); Manufacturing output soars; Trade deficit widens

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.5% in Q1 (January to March) 2019. In comparison with the same quarter a year ago (Q1 2018) UK GDP increased by 1.8%, the fastest growth since Q3 2017.

UK GDP upto Q1 2019

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Peak Amazon? Amazon revenue growth and employee additions have slowed significantly

Amazon accounts for about 52% of all online retail sales in the U.S. and its performance acts as a barometer for total online sales growth for the United States.

The most recent sales report for Amazon was for Q1 (January to March) 2019. Net sales increased 17% to $59.7 billion in the first quarter, compared with $51.0 billion in first quarter of 2018. Gone are the days when Amazon was growing at 200%, 100% or even 40%. The base is inevitably large now but what really is happening at Amazon?

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