Market News and Commentary June 2

Border Agents Are Separating Immigrants From Their Children – A Plan Once Floated By The Trump Administration. U.S. unemployment rates matches the rate in 1929, right before the start of the GREAT DEPRESSION. Morgan Stanley says we’re in a bear market but investors just don’t realize it yet. Trump says June 12 summit with North Korea’s Kim is back on. Nonfarm payrolls rose seasonally adjusted 223,000; unemployment rate at 3.8%. Sears is closing 72 more stores. Goldman: NAFTA deal is now less likely after Trump’s tariffs on Mexico and Canada. John Boehner says “There is no Republican Party. There’s a Trump party.” Paul Ryan undercuts Trump on tariffs. Jim Mattis warns of consequences if Beijing keeps militarizing the South China Sea.

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