FAS COMMENTARY AND NEWS

The U.S. economy expanded by an annual rate of 1.9% in the fourth quarter of 2016, according to the second estimate in a statement released by The U.S. Department of Commerce. This was consistent with the initial estimate released last month. The Fed’s main gauge...

The “Trump rally” continued through the month of December as investors remained bullish on the President-elect’s promises of delivering economic growth through aggressive fiscal stimulus. Nearly all major asset classes saw positive returns in December (and for the year). Of the three major US indexes,...

The second estimate for third quarter gross domestic product (GDP) was revised upward to 3.2% from 2.9% in the advance estimate released in late October. The upward adjustment was mainly driven by an increase in personal consumption expenditures (consumer spending) which was greater than previously...

Third quarter gross domestic product (GDP) increased at an annual rate of 2.9%, according to a statement released by the US Department of Commerce; a sizeable improvement compared to previous quarters in 2016 (0.8% in Q1 and 1.4% in Q2). This is all despite a...

September was a relatively modest month for US large cap stocks as the S&P 500 and Dow Jones both posted negative returns for the month. Tech stocks have made a strong comeback, returning over 12% since June earlier this year. The NASDAQ, after struggling for the first half...

Third quarter of 2016 was yet another one for the record books as the markets’ main focus was again based around monetary policy by central banks around the world. In addition to Katie Ledecky’s record breaking performance at the Summer Olympics, there were a few...