Economic Updates

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

Facing facts of a creeping contraction

Facing facts of a creeping contraction

Q4 2019 | Capital Markets Outlook

As late-cycle signals grow louder, it's time for tactical caution across asset classes.

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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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A market of mixed messages

Q4 2019 | Equity Outlook

We enter the final quarter of the year with a somewhat puzzling backdrop for equity investors.

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Economic Update for October 7, 2019

Economy
  • The Institute for Supply Management reported that manufacturing contracted in September for the second straight month.
  • Construction spending rose 0.1% in August, according to the Census Bureau.
  • The trade deficit widened in August, the Census Bureau stated.
Employment
  • Initial jobless claims rose by 4,000 to 219,000 in the week ended September 28, 2019, according to the Department of Labor.
  • The U.S. added 136,000 jobs in September and the unemployment rate fell to 3.5%, the Bureau of Labor Statistics reported.
Profits
  • As of September 3, 2019, of the 497 S&P 500 Index companies reporting second-quarter earnings, 366 — or 73.6% — beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The Conference Board’s Measure of CEO Confidence fell in the third quarter, reaching its lowest level since the first quarter of 2009.