BHGE - Trade Tensions Remain In The Spotlight As The Key Driver Of Broad Market Sentiment

August, 27 2019 12:36 AM Baker Hughes a GE company Class A

Hello. I am Tortoise Managing Director and Portfolio Manager Brian Kessens with this week’s QuickTake podcast.

Energy and the broad markets were logging a solid week last week until trade tensions escalated on Friday with China’s retaliatory tariff announcement and President Trump’s intention to respond. All-in, MLPs finished down 1.2%, the broader S&P 500 was off 1.4% and broader energy fell 1.9%. Prior to Friday, all were in the green. Crude oil as measured by WTI finished the week just shy of $54 per barrel, or down 1.4%. Trade concerns overshadowed a constructive draw

Company Name:	Baker Hughes a GE company Class A
Stock Symbol:	BHGE
Market:	NYSE

Twitter