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Monthly Market Update for August 2017

Wednesday, September 13, 2017

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Please find the next blog in our monthly series that provides timely market data as well as perspectives on the current state of the economy and the global financial markets. Global Economy: Themes of mild inflation, moderate growth, low unemployment and persistently low volatility are shared around the globe, even as North Korea continues its provocative pursuit of nuclear capability.  In the US, Hurricane Harvey’s impact will be felt in the short run, particularly as it relates to the energy markets and productivity, although expectations are high that Houston recovers well. Congress took its summer recess, but returns to work…

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Monthly Market Update for July 2017

Monday, August 14, 2017

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Please find the next blog in our monthly series that provides timely market data as well as perspectives on the current state of the economy and the global financial markets. Global Economy: The global economy finds itself unusually calm, despite being surrounded by several strong currents.  As it relates specifically to the US, there has been inconsistent economic data combined with unfolding political developments.  The Commerce Department provided the advance release of 2Q-17 real gross domestic product (GDP), suggesting accelerated consumption and non-residential investment produced annualized growth of 2.6%.  While this more than doubles the 1Q-17 reading, it was accompanied…

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Monthly Market Update for June 2017

Tuesday, July 18, 2017

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Please find the next blog in our monthly series that provides timely market data as well as perspectives on the current state of the economy and the global financial markets. Global Economy: Mixed signals continue in the US economy.  The Commerce Department revised 1Q-17 real gross domestic product (GDP) upward from 1.2% to 1.4%, which now represents a full doubling of the initial estimate for economic growth, as consumer spending and exports have been revised higher.  On the other hand, the latest report on personal consumption expenditures (PCE) indicated that spending declined in May, restraining the overall monthly increase to…

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Monthly Market Update for May 2017

Thursday, June 8, 2017

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Please find the next blog in our monthly series that provides timely market data as well as perspectives on the current state of the economy and the global financial markets. Global Economy: In the US, the Commerce Department revised 1Q-17 real gross domestic product (GDP) upward from 0.7% to 1.2%. Personal consumption expenditures (PCE) rose 0.2% in April, but year-over-year (YoY) reading was 1.7%, down from the 1.9% annual rate in March.  The labor market was mixed, with jobless claims remaining relatively low and unemployment declining to 4.3% (its lowest level in 16 years).  Wage growth remains stubbornly low at…

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Monthly Market Update for April 2017

Wednesday, May 10, 2017

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Please find the next blog in our monthly series that provides timely market data as well as perspectives on the current state of the economy and the global financial markets. Global Economy: There was a sigh of relief from investors in April following the first round of elections in France and the announcement of the upcoming election in the United Kingdom (UK).  The likelihood of a moderate president in France and a less-divided House of Lords during Brexit negotiations led to decreased expectations of turmoil in the European Union (EU), and consequently increased the market’s overall appetite for risk.  All

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