Weekly Economic Update 11-21-2016

YELLEN HINTS STRONGLY AT A RATE HIKE Thursday, Federal Reserve chair Janet Yellen told Congress that the central bank could raise the benchmark interest rate “relatively soon,” calling current monetary policy merely “moderately accommodative.” She added that Fed officials envision “only gradual increases in the federal funds rate over time to achieve and maintain maximum … Read more

Monthly Economic Update November 2016

Monthly Economic Update November 2016

THE MONTH IN BRIEF Bulls were reined in during October. The S&P 500 lost 1.94% as Wall Street responded unenthusiastically to the fall earnings season. Even though much of the economic news that emerged in October was good, investors saw an interest rate hike on the horizon and remained concerned about an increasingly controversial presidential … Read more

Weekly Economic Update 11/7/2016

NEW DATA SHOWS BRIGHTER JOBS PICTURE Unemployment fell to 4.9% in October as firms added 161,000 net new workers, but that was just one positive from the Department of Labor’s latest summary of the U.S. employment situation. Year-over-year wage growth reached 2.8%, the best number seen since June 2009, as average hourly pay rose ten … Read more

Weekly Market Commentary 11/7/2016

Weekly Market Commentary 11-7-2016

The Markets Markets hate uncertainty – and that may create opportunities. Last week, investors experienced another bout of election jitters, and the Standard & Poor’s 500 (S&P 500) Index fell for the ninth straight session. The CBOE Volatility Index (VIX), a.k.a. the fear gauge, which measures the expected volatility of the S&P 500 during the … Read more

Weekly Economic Update 10/31/2016

ECONOMY EXPANDS 2.9% in THIRD QUARTER After just 1.4% growth in Q2, this was welcome news. Surging exports and greater inventory investment and federal spending made Q3 the best quarter for the economy in two years, according to the Department of Commerce. The federal government’s core PCE price index was up 1.7% for the quarter … Read more

Weekly Market Commentary 10/31/2016

Weekly Market Commentary 10-31-2016

The Markets It’s almost over… During July 2016, Pew Research reported almost 60 percent of Americans were suffering from election fatigue. They weren’t uninterested in the election. They were just worn out by never-ending news coverage that focused on candidates’ comments, personal lives, and standing in the polls rather than their moral character, experience, and … Read more