The latest employment figures are strong, but escalation in the US-China trade dispute increases the prospect of another interest rate cut in September.
In his Congress appearance, Federal Reserve (Fed) chair Jerome Powell set the stage for a US rate cut later this month. We expect more to come this year.
The most important US jobs report of 2019 so far exceeded expectations and may reassure the Federal Reserve about the state of the US economy.
The theme of disruption is having a profound effect on how we live and how we invest. There are three factors which we think mean small caps are potentially the best way to tap into the theme.