SUMMARY U.S. equities rebounded in November, aided by Fed Chairman Powell’s comments that the fed funds rate is just below “neutral” and indicated that the Fed would not engage in an aggressive tightening policy. Real GDP increased at an annual rate of 3.5% in 3Q (second estimate), below the 4.2% rate in 2Q. U.S. manufacturing […]
Summary U.S. equities saw a significant pullback in the month as end-of-cycle fears had the market exiting risk assets. Economic data remains positive, pointing to low and decreasing unemployment (3.7%), rising wages and salaries (up 3.1% YTD) leading to manufacturing and services PMI beating expectations, and an increase in real GDP (up 3.5% in 3Q). […]
Summary U.S. equities finished the month almost flat but still outpaced the rest of the world for the year. Strong economy (GDP 4.2%), low unemployment (3.9%) and tame inflation (2.7%) supported a strong level of consumer confidence that is hovering close to an 18-year high. Compared to the rest of the developed world, US manufacturing […]
Summary U.S. equities traded higher in August as the current bull market became the longest on record during the month. Strong improvement in the health of U.S. manufacturing led to the highest consumer confidence level since October 2000. The unemployment rate declined to 3.9% (decreased by 0.1% in July) and wages continued to rise (up […]
Summary U.S. equities saw robust returns in the month of July. Strong consumer spending supported a 4.1% annualized growth in gross domestic product (GDP), the largest quarterly increase since 2014. U.S. manufacturing growth remains solid, even though foreign demand has fallen slightly. The unemployment rate ticked higher (increased by 0.2% in June) and though wages […]
Summary U.S. equities ended up for the month of June, as the U.S. economic expansion enters its 10th year. U.S. manufacturing data posted a smaller rate of growth as output and new orders increased at the slowest rates since November 2017. Consumer and business spending have increased as the unemployment rate continues to fall (down […]
Summary U.S. equities ended up for the volatile month of May, which pushed year-to-date returns back into positive territory. Manufacturing data in the U.S. continued its impressive two-month run, as strong demand outpaced production capacity. Consumer confidence has risen to a 17-year high, which coupled with a decreasing unemployment rate, rising income, and the benefits […]
Summary U.S. equities ended up slightly for the month of April, but remained in negative territory year-to-date. Manufacturing data in the U.S. saw significant improvement as new business rose at a pace not seen in over three-and-a-half years. Strong demand, higher oil prices, and recently introduced tariffs have increased inflationary pressures with factories reporting a […]
Summary U.S. equities ended down for the month of March and are now in negative territory for 2018. While U.S. manufacturing data showed strong business conditions and new order demand, the recent declaration of tariffs has increased the risk of trade wars and thus spooked investors. Market volatility has increased (S&P 500 experienced 23 daily […]
U.S. equities reversed their recent upward trend in February as volatility spiked and stronger wage growth pointed to an increasing threat of inflation. International and emerging market equities also saw pullbacks during the month but remain in positive territory year-to-date. Fixed income investments continued to decline as investors anticipated a faster pace of future rate […]
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