Performance of the benchmark indexes listed here was a mixed bag last week. Large caps of the Dow and S&P 500 outperformed the tech stocks of the Nasdaq and the small caps of the Russell 2000. Maybe investors are becoming immune to the ongoing trade battle between the United States and China, as threats of an additional $200 million in U.S. tariffs on Chinese imports didn’t seem to push investors away from stocks. The yield on 10-year Treasuries reached a four-month high last Thursday, ultimately closing at 3.06% by Friday afternoon, as prices for long-term bonds plummeted. For more information please click on the linkWinthrop Partners Weekly Update 9-24-18
Thomas Saunders is the Managing Partner of Winthrop Partners. Prior to founding Winthrop Partners, Tom was Senior Vice President at what is now JP Morgan. His career includes senior and executive roles at Brown Brothers Harriman and First Niagara Bank, a top 25 Bank. Click here to contact Thomas Saunders about your investment and planning requirements.