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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