Todd Peters on NAFTA Negotiations and the Housing Industry | NECN Market Analysis

NAFTA Negotiations & Homebuilder Sentiment Impact Markets

Todd Peters, senior vice president at Adviser Investments, has the market analysis for Monday, June 18. The U.S. economy is doing well—strong corporate profits, moderate inflation and low unemployment; however, lingering trade concerns contributed to both the Dow Jones Industrial Average and S&P 500 finishing lower. NAFTA negotiations continue with the potential to impact annual trade in excess of $1 trillion between the U.S., Mexico and Canada. Meanwhile, tariffs on Canadian lumber contributed to this month’s 2-point reduction in homebuilder sentiment.

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