United States

Trade rhetoric and Brexit were top of mind in August


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U.S. equities slumped as U.S. and China trade rhetoric continued to be front of mind for investors amid underwhelming economic data. Federal Reserve Chairman Jerome Powell assured that the central bank will “act as appropriate” to extend the current economic expansion, but did not give any direction as to what the next move will likely be.

In other economic news, United Kingdom equities dragged lower on concerns following Prime Minister Boris Johnson’s request to suspend parliament in an attempt to force through Brexit with or without a deal by Oct. 31, 2019.

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Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.

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