March headline payrolls number disappoints but partly due to weather payback which created stronger gains in January and February

“From the Desk of Michael Sheldon, CIO” –   The March 2017 employment report generated an increase of 98,000 jobs (89,000 for the private sector) versus estimates looking for a gain of approximately 180,000. –   The disappointing 98,000 increase in non-farm payrolls in March may be seized upon by some as an indication that the US […]

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The Dow Jones Industrial Average closed lower for the 8th straight session - Our thoughts on the market and the economy

“From the Desk of Michael Sheldon, CIO”      On March 27th the Dow Jones Industrial Average closed lower for the 8th straight session.  For market historians this is the first time this has happened since 1978.   However, before we sound the alarm bells it’s important to put things in perspective. Over the past several days from the […]

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