July 16, 2019 Weekly Report

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Highlight of the Week

Banks to release 2Q earnings

Screen Shot 2019 07 17 At 2.43.18 PM

Rate Curves

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Rapid Report:

Abelian Brand Mark

Big banks to release 2Q earnings as Fed prepares to cut rates

  • Higher rates have fueled earnings since 2015, but a projected rate cut could put a squeeze on profit margins
  • Flat yield curve with near term inversion continues as investors expect slowdown
  • Stocks rose to record highs last week after Federal Reserve all-but assured investors of upcoming rate cut to defend against trade war and weakened world growth

SEC Investigates Regulatory Questions Surrounding Facebook’s Currency, Libra

  • Staff examining whether Libra’s structure qualifies as an exchange-traded fund
  • Facebook’s 1.6b daily users offers potential for widespread adoption
  • “Libra raises serious concerns surrounding privacy, money laundering, consumer protection and financial stability” -Powell

Wimbledon Classic

  • Novak Djokovic repeats as Wimbledon champion after winning first 5th set tiebreaker in history against Roger Federer
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