July 2018 Update image
Monthly Recap It was another busy month indeed with GDP reported, continued trade wars/rhetoric and the first $1 Trillion company in history. To recap, below are bullet points of the important and noteworthy events that occurred in July. Apple became the first company in history to reach a $1 Trillion valuation. US Q2 GDP is reported with 4.1% growth, the highest quarterly growth since 2014. Michael Feroli, the chief U.S. economist at JPMorgan Chase & Co said “It’ll be hard to repeat this performance on a sustained basis.” The US-China trade war rhetoric keeps going back and forth. Trump announced a plan to increase tariffs on an additional $200B of Chinese goods (although Trump also hinted at putting tariffs on $500B worth ...
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