Coverage Universe - Weekly Price June 21-28, 2019
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Zero and Beyond , Preferred Shares, Earnings: PPL, KEY, DR, GEI, EIF
The easy-to-win trade war initiated by US President Donald Trump always was an ill-conceived strategy, pretending to be capable of altering globalization without consequences. The consequences are becoming apparent.
These include pushing interest rates to zero, maybe beyond and forcing nations to depreciate currencies to sustain their economic growth. Interest rates were heading lower anyway, now it is happening faster, potentially into uncharted territory. The currency battle between the US and China is heating up as well. Comments this week cover the impact these events could have, along with earnings reports that provide about the most factual data in a world awash with information.
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