Economic Updates

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

Fed's hawkish pivot shouldn't stoke inflation fears

Fed's hawkish pivot shouldn't stoke inflation fears

Q3 2021 | Capital Markets Outlook

We take a closer look at inflation, unfilled jobs, and semiconductor shortages.

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Bond markets in flux on rates and inflation outlook

Q3 2021 | Fixed Income Outlook

Global financial markets were mixed during the second quarter.

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The small-cap index changes, but our process stays the same

August 2, 2021 | Equity Insights

Robust earnings growth, skeptical investor sentiment, and stimulating bond yields all support our bullish outlook for equity markets.

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Economic Update for July 26, 2021

Economy
  • Housing starts jumped 6.3% in June compared with May, the Census Bureau stated.
  • Existing home sales rose 1.4% in June, the National Association of Realtors reported.
  • The Conference Board Leading Economic Index increased in June.
Employment
  • Initial jobless claims rose by 51,000 to 419,000 in the week ended July 17, 2021, compared with the previous week, the Department of Labor reported.
Profits
  • As of July 15, 2021, of the 41 S&P 500 Index companies reporting second-quarter earnings, 35 beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The European Commission’s Flash Consumer Confidence Indicator edged down in June.