FAS COMMENTARY AND NEWS

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...