Overview: Stocks were mixed on the week, as investors kept a close eye on geopolitical events and the outcome of the weekend G20 (Group of 20) summit in Tokyo. Despite concerns around a slowing global economy, trade tensions, and Federal Reserve actions, the markets finished a strong quarter and first half-year on Friday, with all major stock indexes up over 10% for the first half of 2019. July 1 starts a new quarter, with stocks up strong across the globe on news of a U.S.-China trade truce, as the two countries agreed to resume talks toward a deal. Meanwhile, interest rates fell last week, with the 2-year and 10-year Treasury finishing the week at 1.74% and 2.00% respectively. With the Fed funds rate currently at a mid-range of 2.375%, markets are now pricing in about three 25 basis point rate cuts by the end of the year. Globally, a record $13 trillion in bonds now trade at negative yields, with an accommodative monetary policy from the European Central Bank showing no signs of changing soon.
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