Bellevue Perspectives

Monday Minute

Oil drops to $43.34/barrel mid-week. First round of Federal Reserve stress test conducted on the 34 largest banks in the U.S. was positive, as every bank that was subject to the test passed the Fed’s requirements.  More results next week with second round of test results. Demand side of the economy has disappointed in recent ...

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Monday Minute

10 year Treasury starts the week with a slight uptick to 2.19%, but still implying a slowing economy with little assistance from the “Trump trade”. Recent terror attacks in both London and Iran show the reach and continued ISIS threat. Energy Information Administration’s weekly inventory report showed crude stockpiles rose by 3.3m barrels vs. an ...

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Monday Minute

OPEC extended the current production cuts for another nine months, but market oversupply concerns remain. Skepticism around the renewed OPEC plus Russia production cut extension drags down oil stocks. AAPL, FB, AMZN, MSFT, and GOOGL continue to drive the SP 500 to new highs. Banks also got hit mid-week as rates on the 10 Year ...

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Monday Minute

Ransomeware attack (Wannacry malware) has global reach effecting over 200,000 computers worldwide. US homebuilder optimism is back near multi-year highs, followed by a comment from the National Association of Home Builders. Industrial production figures suggest that China’s economic expansion is slowing. Markets pause mid-week as Trump’s “political capital” is once again being redirected from his ...

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Monday Minute

The Institute for Supply Management (ISM) as a U.S. leading indicator looks to have peaked in March with two straight declining numbers. Ex-U.S. Manufacturing PMI is at its highest level since March of 2011. The Eurozone investor confidence is at the highest level in a decade. CBOE Volatility Index (VIX) hits 10 year low.  Market ...

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Monday Minute

70% of companies that have released Q1 earnings have beat estimates, with more companies raising guidance than lowering.* A jump in bad credit-card loans last quarter, drawing concern from analysts and investors about consumer credit quality. FOMC met last week and as expected, left rates unchanged.  Market is currently pricing in a June hike. Trump’s ...

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This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.

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