Date : July 18, 2018
Category : Quarterly Report
After a negative first quarter highlighted by an early year correction, U.S. stocks pushed into positive territory as foreign policy and international trade initiatives garnered momentum. In April, a coalition of U.S., British and French forces launched airstrikes against Bashar al-Assad in response to the use of chemical weapons in the Syrian civil war. In May, the U.S. exited the 2015 Iran nuclear accord and reinstated economic sanctions on Iran. In early June, the Trump administration enacted steel and aluminum tariffs on major trading partners. In mid-June, President Trump and Kim Jong Un penned the latest chapter in U.S. relations with North Korea, the world’s newest nuclear power. While the drama and posturing of high stakes negotiation dominated current events, the strength of U.S. economic fundamentals and “America First” policies drove equity prices higher.