Global equity markets fell last night with China’s Shanghai composite slumping 4.3%, Japan’s Nikkei dropping 1.3%, and European markets down 2-3%. Naturally, U.S. stock futures are lower this morning and cash has flown into Treasuries, pushing yields lower.
Today is a light economic data day. The S&P/Case-Shiller home price index is expected to show a year-over-year rise of 3.4% after a 2.3% jump in April. Separately, the Conference Board’s consumer sentiment index is expected to fall to 62.8 from 63.3 last month.
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- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
