Economic Outlook – September 2018

September 13, 2018 Economic Outlook
Positive Economic Trend Graph

Economic data continue to surprise to the upside. The Institute for Supply Management (ISM) reported economic activity in the manufacturing sector expanded in August while the overall economy grew for the 112th consecutive month. The August survey reported business conditions surged to a 14-year high with the index rising to 61.3% from 58.1% in July. […]

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Investment Review – August 2018

August 17, 2018 Investment Review
Stack of coins

The major U.S. stock indexes were strong in July. The Dow Jones Industrial Average increased by 4.71%, the S&P 500 was up 3.60% and the Nasdaq Composite advanced 2.15%. The U.S. Dollar Index was virtually flat in July. The Index is used to measure the value of the U.S. dollar versus six major foreign currencies. A […]

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Economic Outlook – August 2018

August 17, 2018 Economic Outlook
Positive Economic Trend Graph

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.5% in June to 109.8 (2016 = 100), following no change in May, and a 0.4% increase in April. This increased reading suggests continuing solid growth for the U.S. economy for at least the next six months. Growth among the leading indicators was widespread, […]

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The MacDowell Colony’s 2018 Medal Day

July 11, 2018 Announcements

Welch & Forbes is honored to announce our support as Advocate for The MacDowell Colony’s 2018 Medal Day on Sunday, August 12. This event is their largest public event, free and open to the public thanks to the generosity of Medal Day sponsors and donors. It includes the medal ceremony, a picnic on the grounds, and open studios with artists-in-residence. The MacDowell Colony […]

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2018 Boston Pops on Nantucket Concert

July 11, 2018 Announcements
nantucket pops aerial photo

Welch & Forbes wishes you and your family a happy summer. We are excited to support and attend the annual Boston Pops on Nantucket Concert emanating from Jetties Beach on Saturday, August 11. A signature event every year, the Nantucket Cottage Hospital characterizes the event online as follows: For more than 20 years, the Boston Pops on Nantucket […]

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Investment Review – July 2018

July 10, 2018 Investment Review
Stack of coins

The major U.S. equity indices were mixed in June. The Dow Jones Industrial Average fell -0.6%, the Nasdaq Composite gained 0.9%, and the S&P 500 returned 0.5%. Investors are weighing the benefits of corporate tax cuts and strong earnings growth against the threat of a trade war. Strong S&P 500 earnings growth is expected to continue. Analysts […]

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Economic Outlook – July 2018

July 10, 2018 Economic Outlook
Positive Economic Trend Graph

The latest estimate for U.S. GDP growth in the first quarter is 2.0%. While this represents a decline from the 2.9% growth rate for the fourth quarter of 2017, it is the highest Q1 growth rate since 2015. Preliminary readings on consumer spending, business equipment investments, and industrial production, along with the stimulative effect of […]

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Supporting the NEHGS Summer Dinner Featuring Barbara Lynch

June 19, 2018 Announcements
no. 9 park

Welch & Forbes is proud to announce our support as a benefactor for the New England Historic Genealogical Society’s Summer Dinner taking place at the St. Botolph Club on Thursday, July 26, 2018. The dinner features James Beard Award–winner and Relais & Châteaux Grand Chef Barbara Lynch. Since opening No. 9 Park in 1998, she has created 6 more unique restaurants in Boston. Barbara has received many honors […]

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Investment Review – June 2018

June 12, 2018 Investment Review
Stack of coins

U.S. stock indices rallied in May, based on upbeat economic news and corporate profit growth. The Dow Jones Industrial Average gained 1.0%, the S&P 500 was up 2.2%, and the Nasdaq Composite gained 5.4%. International equity markets were higher. The MSCI Europe Australia Far East Index (EAFE) gained 0.7% and the MSCI Emerging Markets Index lost […]

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Economic Outlook – June 2018

June 12, 2018 Economic Outlook
Positive Economic Trend Graph

Outside the United States, there has been an economic slowdown this year that economists had not predicted in their forecasts for 2018. This slowdown in business activity in the Eurozone, for example, could have many explanations. Labor strikes in Germany and France, the threat of more restrictive trade policy and the strengthening U.S. dollar exposing weaknesses […]

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