Monthly Economic Update - May 2019

By: Sterling Wealth Advisors | Published 05/15/2019


Monthly Economic Update

Monthly Economic Update | Presented by Sterling Wealth Advisors | May 2019


Wall Street shifted its focus from trade to earnings in April. On that front, the news was good: through April 26, first-quarter results for S&P 500 firms had beaten expectations by 5.3%, a bit better than the historical average of 4.8%. A strong first-quarter gross domestic product reading and solid consumer spending and hiring numbers did much to quell worries about the economy slowing. Existing home sales retreated again; mortgage rates went north again. Oil prices rose. Bullish sentiment was palpable.1

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