“Industry Perspectives” 2Q 2019

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Download our latest "Industry Perspectives"


Read our view on the economy and key drivers of change in the global equity markets.

Date Published:
July 2019


The S&P 500 Index posted its best 1st half of a calendar year since 1997, rising 18.54% from January 1 to June 30. As we have discussed previously, two main underlying forces – central banks and trade policies – continued to drive financial markets during the period and will likely continue to do so going forward.

In this latest Industry Perspectives, we discuss:

  • The world’s central banks have been extremely reluctant to increase short-term interest rates given persistently sluggish global growth.
  • For years, nations have used tariffs and regulations to protect internal businesses.
  • The Fed’s challenge in achieving its stated mandate is complicated by the uncertainty surrounding the trade dispute with China and other countries.

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