Today's Market Synopsis

All eyes are back on the upcoming signing of a phase-one trade deal between the U.S. and China, which is supposed to take place Wednesday. Additionally, earnings season is set to kick off with the release of Q4 2019 metrics. The estimated earnings decline for the S&P 500 is -2.0%. If -2.0% is the actual decline for the quarter, it will mark the first time the index has reported four straight quarters of year-over-year earnings declines since Q3 2015 through Q2 2016.  Stocks rose slightly with the Dow up 6 points and the S&P up 6 points. The 10-year is trading in a 1.82-1.86 range this morning. Have a good week!

INVESTMENT IDEAS

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STRATEGIES TO CONSIDER

  • There is value to be found in longer dated, high quality, non-rated Kansas general obligation bonds.
  • The yields are 70BPs greater than recently issued rated KS paper w/ 3.92% taxable equivalent (22% Fd. Tax Bracket).

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UPCOMING MUNICIPAL CALENDAR

This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Central States Capital Markets, LLC.