No, you’re not seeing double, this week’s video is the same one as last week. We think its that important for you to watch it, so we’re sharing it twice.
As for what what's going on in the markets, for the past few weeks we have been pointing out several risks in the global markets that many investors were choosing to ignore.
During that period, we repositioned Round portfolios to have more defensive cash positions in order to protect against a downside move that we believed may have been brewing.
Along with this protective cash position, our hedge position helped mitigate this bumpy week of emerging market woes and trade talk drama between the U.S. and China.
On a positive note, we continue to see strong economic indicators such as the U.S. labor market strength released Friday.
Hope you have a great weekend,
Labor market strength is in reference to U.S. wage gains increasing to 2.9%, jobless rate unchanged at 3.9% (near lowest since 1969), and nonfarm payrolls increasing 201,000 from the prior month beating the median forecast of 190,000 jobs. Data for these labor market releases were gathered from Bloomberg's economic release article "U.S. Wage Gains Pick Up to 2.9% While Payrolls Rise 201,000" written by Bloomberg reporter Sho Chandra.
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