Economic Insights – May 2019

Through the first week of May, the S&P 500 was up 17+ percent year-to-date. In April, the “average S&P 500 stock” was up 3.54 percent and was up 18.46 percent year-to-date. The Nasdaq Composite hit a new high and was up 23 percent year-to-date. For reference the Business Briefings PARE-5 strategy was up 39 percent year-to-date. 

In most circles those lofty numbers sparked caution and talk of a pullback. That set the market up for a pull-back on word that the Chinese were balking at U.S. trade demands. Trump’s intention is to im.....