Investment Review – February 2019

February 19, 2019 Investment Review
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The S&P 500 surged 8% in January, ending 14.0% higher than the low reached on December 24. The dovish guidance from Fed Chairman Jerome Powell was a primary factor underpinning the market’s advance. The strong U.S. dollar remains a headwind for corporate revenues. On a trade-weighted basis, the greenback surged just shy of 8% in 2018. MPs in […]

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Economic Outlook – February 2019

February 19, 2019 Economic Outlook
Positive Economic Trend Graph

Federal Reserve Chairman Jay Powell indicated in early January that the central bank would consider altering its balance sheet policy based on economic conditions, a reversal of the position he had espoused in December. Speaking at the annual meeting of the American Economic Association, he confirmed that the Fed would be willing to adjust the […]

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Investment Review – January 2019

January 18, 2019 Investment Review
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The month of December saw declines across U.S. stocks with the S&P 500 -9.0%, -8.5% for the Dow Jones Industrial Average, and -9.4% on the Nasdaq. Equities saw the largest annual decline during the bull market of the past decade, posting a -4.4% total return on the S&P 500 in 2018, while closing the year […]

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Economic Outlook – January 2019

January 18, 2019 Economic Outlook
Positive Economic Trend Graph

Third quarter Gross Domestic Product (GDP) came in at 3.4%, above the economy’s growth potential of 2.0%. This expansion was driven by a strong consumer, which accounts for two thirds of U.S. GDP. December saw a 0.1% downward revision from the original October estimate of 3.5%. Federal Reserve officials’ GDP estimates for the coming year are […]

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Investment Review – December 2018

December 12, 2018 Investment Review
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The stock market treated us to another volatile month in November. Indices squeaked to a positive close thanks to a rally in the last week. In November, the Dow Jones Industrial Average rose 1.7%, the S&P 500 gained 1.8% and the Nasdaq Composite rose .3%. Stocks are up this year through November month-end, although indices remain well off […]

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Economic Outlook – December 2018

December 12, 2018 Economic Outlook
Positive Economic Trend Graph

The U.S. economy has maintained steady growth and the outlook suggests continued growth. Third quarter 2018 gross domestic product (GDP) grew at an annualized rate of 3.5%, its fastest pace in more than two years, and the first time since 2014 that the economy experienced growth of 3% or more for two consecutive quarters. The U.S. […]

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Investment Review – November 2018

November 14, 2018 Investment Review
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Equities experienced a rapid and volatile correction in October. The Dow Jones Industrial Average dropped -5.1% and the S&P 500 declined -6.9%. The Nasdaq lost -9.2%, as the technology sector became a focal point of the selling during the month. While the indices rebounded from their worst levels at month’s end, they have given back much […]

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Economic Outlook – November 2018

November 14, 2018 Economic Outlook
Positive Economic Trend Graph

U.S. Gross Domestic Product (GDP) grew at an annualized rate of 3.5% in the third quarter (Q3) of 2018. Bolstered by a robust employment environment, consumer spending led the way as personal consumption expenditures rose by a better than expected 4.0%. Government spending was also an important contributor to growth in Q3, in particular defense outlays which […]

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