It was Groundhog Day for the third quarter as markets moved eerily similar to the second quarter this year. In almost exact fashion as Q2, Q3 started with healthy gains, followed by declines in August, only to recover in the third month and end the...
The U.S. economy grew at an annual rate of 2% in the second quarter of 2019, according to the second estimate released by the U.S. Department of Commerce. This is a slight downward adjustment from 2.1% estimated in the advance estimate due to downward revisions...
The U.S. economy grew at an annual rate of 2.1% in the second quarter of 2019 according to the advance estimate released by the U.S. Department of Commerce – a slowdown from first quarter GDP growth of 3.1%. Slowdown in global growth continues to be...
Just as volatility seemed to be dissipating throughout the first quarter it quickly returned in the second quarter. Uncertainty regarding US-China trade relations, future Federal Reserve interest rate policy, and the state of the US and global economies caused a more-than 6% pullback in the...
The purchasing managers’ index (PMI) is an index driven by a monthly survey of supply chain managers of major economies that gauges current and future business conditions for companies, investors and economists. The index reading falls between 0 and 100 a number below 50 indicates a...
The US economy grew at an annual rate of 3.2% in the first quarter of 2019 according to the advance estimate from the US Department of Commerce; much higher than expected given the headwinds of weakening consumer demand, lower earnings expectations, and being in the...
Our fourth quarter newsletter from 2018 was titled “Down, But Not Out,” insinuating that while we experienced a significant pullback to end 2018, the markets weren’t particularly ready to throw in the towel and the first quarter of 2019 proved exactly that. After suffering the...
The US economy grew at an annual rate of 2.6% in the fourth quarter of 2018 according to a report released by the US Department of Commerce. This was in line with expectations which we discussed last month of a growth rate between 2.2% and...
Due to the government shutdown, the Department of Commerce has not yet released the estimate for gross domestic product for the fourth quarter of 2018. The latest projections for Q4 GDP growth range anywhere from 2.2% to 3%, which indicates a slight slowdown from Q3...
The markets in 2018 were a far cry from 2017, which had historically low volatility and double digit returns. Instead, last year was a bit of a rollercoaster that ended with a decline for the ages as the markets experienced their worst December since 1931...