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 »

August 2019 Economic Dashboard

August was a more volatile month than usual, triggered by both an escalation of the trade war with China and more indications that the US economy may be slowing more than expected. The S&P 500 had daily changes of over 1% on 11 of the 22 trading days in response to both rhetoric and economic… Read More »

July 2019 Economic Dashboard

After a relatively good month for the stock market in July, the one-two punch of a disappointing Fed rate cut on July 31 and more tariffs on Chinese goods and its retaliatory currency devaluation in the first days of August have sent stock prices sharply lower.  Markets like predictability (which usually comes at a premium)… Read More »