Categories ArchivesPremium

Monthly Recap January 2019 came and went with much less volatility and fervor than we saw in December. Most equity markets saw meaningfully positive gains as the markets recovered from a treacherous Q4. To recap, here are just some of the noteworthy events and stories from January: The Fed left interest rates unchanged and signaled some potential policy adjustments (more on that below) Theresa May’s Brexit vote failed spectacularly, however, she did survive her confidence vote. Lots of unanswered questions regarding their path forward and the Bank of England seems worried about the effects on the overall economy. Home sales sank 6.4% in December to their weakest level since 2015, ending a difficult year at a new low and offering ...

Monthly Recap November was a relatively calm month following October’s volatility and saw the S&P 500 claw back a 2% gain for the month.  In fact, most asset classes saw positive returns for the month of November with hopes that the market would be smooth sailing through year end.  To recap, here are just some of the noteworthy events and stories from November: Wildfires devastate California as millions are evacuated from their homes and the death count rose to around 85.  PG&E, California’s utility company, is under scrutiny about whether its equipment caused one of the fires.  As a result, PG&E’s stock and bonds fell dramatically in fears that it could go under. Jeff Sessions resigns as US AG at the request ...

Monthly Recap October brought with it a return to volatility in the markets with the S&P dropping 10% at one point before closing the month down approximately 7%.  To recap, here are just some of the noteworthy events and stories from October: US treasury bonds slid to a multi-year high as the 10 year bond hit 3.20%, a level not seen since 2011 President Trump’s first annual budget deficit climbs to a 6 year high.  As a result, the U.S. Treasury Department estimates it will issue more than $1 trillion in debt this year. The U.S. economy expanded at a 3.5 percent pace in the third quarter.  Consumer spending, which accounts for about 70 percent of the economy, unexpectedly accelerated to a 4 ...

Monthly Recap It was a very busy month, although it was overshadowed with sexual assault claims and hearing on Judge Kavanaugh and whether or not he should serve a lifetime appointment on the Supreme Court. To recap, here are just some of the noteworthy events and stories from September: The Federal reserve raised interest rates to between 2 – 2.25% and is expected to raise them again when they meet in December. Although, Fed President Bullard thinks the Fed shouldn’t raise rates right now. Meanwhile, Turkey rises interest rates to 24% in a dramatic bid to control rocketing inflation and prevent a currency crisis. Goodbye, NAFTA. Hello, ‘USMCA.’ The deal has a new name, new rules for cars and trucks, and labor ...