"..Mr. Powell said Fed officials had picked up on rising concerns about trade among business executives, and he said there were reports of companies holding off on investments. But Mr. Powell seemed to go out of his way to emphasize that there was no evidence that the trade frictions were weighing on corporate behavior. He said:
“So, right now, we don’t see that in the numbers at all. The economy is very strong, the labor market is strong, growth is strong. We really don’t see it in the numbers. It’s just not there. But — so I — I would put it down as more of a risk.”...
Powell predicts around 7 more years of solid growth in the US economy. Add the looming infrastructure boom in Asia :
and Peels mixed assets looks pretty good. Again, SBM are being very quiet atm, they would be very aware of the future demand particularly for the ASIAN infrastructure it's common knowledge. At some stage they will need to clarify to the market their intentions.
PEX Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
(20min delay)