- On Wednesday of last week, the Fed announced they will be maintaining the current Fed Funds level, but indicated risks to the expansion are building. As we mentioned in a prior Monday Minute, a half percentage cut over the remainder of 2019 is becoming more and more likely. The market reacted positively on Wednesday and Thursday. If the Fed can finesse the actual cut enough as to not induce panic, it could lead to even higher equity prices, at least temporarily. This scenario could be a great opportunity to lighten up on equity/stock exposure. https://www.reuters.com/article/us-usa-fed-kudlow/fed-sees-case-for-interest-rate-cuts-this-year-building-idUSKCN1TJ24A
- In response to recent attacks on two oil tankers in the Persian Gulf along with the downed US drone, Trump imposed sanctions on Iran’s supreme leader and eight senior military commanders. https://www.bloomberg.com/news/articles/2019-06-24/trump-says-he-is-imposing-sanctions-on-supreme-leader-of-iran-jxakb8am?srnd=premium
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