January 2020 Economic Dashboard

One month into 2020 and the market has already had two major unexpected events thrown its way. Stocks shrugged off US-Iran hostilities quickly but have encountered additional volatility during the recent coronavirus outbreak. We’ll leave the health debate to the virologists, but it is important to consider the economic implications for China, and more importantly,… Read More »

December 2019 Economic Dashboard

The S&P 500 is coming off one of its best years of all-time, with a price return of 28.9%.  An initial reaction might be to take gains in anticipation of a pullback. History tells us such a response would be unwise, as the market has performed well following big up years. The graph below shows… Read More »

November 2019 Economic Dashboard

In announcing their third rate cut for 2019 earlier this quarter, the Federal Reserve signaled that they believed this latest cut would be enough to support moderate growth and a continued buoyant job market. With the federal funds benchmark rate back down to a range of 1.5 percent to 1.75 percent, the focus now turns… Read More »

October 2019 Economic Dashboard

Much has been in the news and on the minds of investors about a weakening US economy. Several developments in October helped to temper these fears, leading to a 3.3% rise in the S&P 500. Trade talks showed some signs of positive momentum, with the US and China announcing a “phase one” trade agreement. Better… Read More »

September 2019 Economic Dashboard

The US stock market finished the third quarter near its all-time highs, which is remarkable given the volatility witnessed during the 90-day period.  The media has been touting a recession resulting from the combination of the trade war and restrictive Fed monetary policy.  Most economic indicators are pointing to slower growth, so the Fed has… Read More »