Economic Updates

Keep up to date on the global economy and its impact on markets.

Caution with a chance of bearishness

Caution with a chance of bearishness

Q3 2019 | Capital Markets Outlook

We are shifting our tactical allocations as weaker data give us doubts about current earnings expectations.

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Bonds rally as the Fed signals possible rate cut

Q3 2019 | Fixed Income Outlook

The global economy has cooled in 2019 as the fallout from the ongoing trade rifts, waning business confidence, and financial market volatility have kept the lid on expansion.

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What happened to value stocks?

Q3 2019 | Equity Outlook

Our views on the valuation spread, why investors don't want value, and which approaches may work best in the changing equity landscape.

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Economic Update for August 19, 2019

Economy
  • Retail sales increased 0.7% in July, the Census Bureau noted in an advance report.
  • The Federal Reserve reported that industrial production slipped 0.2% in July.
  • The Bureau of Labor Statistics found that both import and export prices rose 0.2% in July.
  • The CPI and core CPI both rose 0.3% in July, the Bureau of Labor Statistics stated.
Employment
  • Initial jobless claims rose by 9,000 to 220,000 in the week ended August 10, 2019, according to the Department of Labor.
Profits
  • As of August 9, 2019, with 90% of S&P 500 Index companies reporting second-quarter earnings, 75% reported a positive EPS surprise and 57% reported a positive revenue surprise, according to FACTSET.
Emotion
  • The University of Michigan’s index of consumer sentiment dropped to 92.1 in August from 98.4 in July.
  • The NFIB Small Business Optimism Index increased in July.