After a record hot start in the first two months of 2019, U.S. stocks cooled off during the first week of March.
Slower economic growth prospects around the globe this week caused global investors to take some risk off the table and shift buying into bonds.
On Monday, China lowered its 2019 GDP growth expectation to 6%-6.5%. The country’s economy grew 6.6% in 2018, which was its slowest rate in three almost decades. Later in the week, China said that exports fell more than 20% in February, marking the worst performance in nearly three years.
On Thursday, the ECB reinstated its targeted long-term refinancing operation (TLTRO), to help stimulate economic growth in the region.… Read more