Montecito Capital Management Blog Monthly Stock Market Summary & Weekly S&P 500 Update August 2019

-August 2, 2019 Weekly Capital Market Update. The markets declined on fears of further U.S. economy damage from escalating trade tariffs with China after President Trump voiced frustration over trade negotiations by threatened to implement a 10% tariff on September 1st for the remaining $300 billion of Chinese exports not already subject to tariffs. In response, S&P 500 Index fell -3.10%, Dow Jones Industrial Average -2.60% and Nasdaq declined -3.92% on the week. On Wedn [...]