Commentary
August 2019 is shaping up to be a challenging time of the year. The Fed, Jay Powell Chair of the Federal Reserve, began cutting rates in July, "mid-cycle adjustment" they called it, and did not specify future rate cuts. In August China retaliated with increased tariffs on 75 billion. Friday August 23rd the President outlined increased tariffs on 250 billion of China imports starting October 1st going from 25% to 30%. In addition import tariffs on 300 billion will change from 10% to 15% starting September 1st. The market volatility during the last four