August 20, 2019 Weekly Report

Abelian2

Highlight of the Week

Dizzying week for markets

  • Rebound after Trump announced tariff delay until Dec 15
  • GE accused of accounting fraud, saw stock fall 11% last Thursday
  • 30-year treasury hit record low and the 2 to 10-year curve inverted briefly, as investors continued to seek safe haven

Rate Curves

Screen Shot 2019 08 20 At 3.20.40 PM

Rapid Report:

Abelian Brand Mark

Fed to face scrutiny at central bank conference

  • Chairman Powell expected to surface clues of next moves
  • US economy unsettled by trade dispute and fear or recession, and Fed faces pressure from White house as global banks continue cutting rates
  • Fed continues to make big policy decisions with great caution, testing an impatient President Trump

Jennifer Lopez and Alex Rodriguez invest in fintech firm Acorns

  • Savings app intends to compete as bank alternative and reach 100m customers
  • Acorns and numerous other fintech startups have raised billions in venture capital, but will continue to struggle to reach customers due to a lack of product differentiation
  • Most of Acorns revenue comes from $1-3 fees charged on savings and investment accounts, but they do not charge overdraft or punitive fees

Georgia Tech Golfer wins US Amateur

  • GT senior Andy Ogletree joins Matt Kuchar and Bobby Jones (5x) as past GT champions
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August 13, 2019 Weekly Report
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