Economic Outlook – July 2019

July 11, 2019 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew 3.1% in the first quarter of 2019, according to the second estimate released by the Bureau of Economic Analysis. This was ahead of expectations and the best start to a year since the first quarter of 2015. We expect growth for all of 2019 to be between 2.0-3.0%. The U.S. labor […]

Read More

Investment Review – June 2019

June 25, 2019 Investment Review
Stack of coins

U.S. stock indices fell in May, and have now fallen for six consecutive weeks, the longest losing streak since 2011. The Dow Jones Industrial Average lost 6.7%, the S&P 500 was down 6.6%, and the Nasdaq Composite lost 5.4%. International equity markets were also lower. The MSCI Europe Australia Far East Index (EAFE) lost 5.3% and […]

Read More

Economic Outlook – June 2019

June 25, 2019 Economic Outlook
Positive Economic Trend Graph

The lack of a resolution to trade tensions with China has unsettled the global markets. The longer this trade war continues, the more it will weigh on economic growth. Recent market volatility reflects this uncertainty and is likely to continue until an agreement is reached. Consensus estimates are that already imposed tariffs have lowered GDP […]

Read More

Supporting The Moore Center’s 19th Annual Garden Party

May 23, 2019 Announcements
moore center garden party

Welch & Forbes is proud to announce our support for The Moore Center’s 19th Annual Garden Party taking place at the Brady Sullivan Tower in Manchester, New Hampshire on Thursday, June 20, 2019. The event allows the agency to continue creating opportunities for a good life for individuals with developmental disabilities as well as the children and senior citizens they […]

Read More

Investment Review – May 2019

May 22, 2019 Investment Review
Stack of coins

The major U.S. equity indices all posted gains in April. The Nasdaq Composite increased 4.7%, the S&P 500 added 3.9%, and the Dow Jones Industrial Average rose 2.6%. Following a sell-off in December 2018, the market has regained all-time highs after a strong start to the year. S&P 500 earnings for the first quarter have […]

Read More

Economic Outlook – May 2019

May 22, 2019 Economic Outlook
Positive Economic Trend Graph

The U.S. labor market continued to show strength in April. The unemployment rate is at a 50-year low, employers are hiring at a faster pace and the economy added 263,000 jobs in April. The 3.6% unemployment rate is the lowest since December 1969. The tight labor market has contributed to strong wage growth, with hourly […]

Read More

Investment Review – April 2019

April 23, 2019 Investment Review
Stack of coins

The major U.S. equity indices all posted gains in March. The Nasdaq Composite increased 2.6%, the S&P 500 added 1.8%, and the Dow Jones Industrial Average rose 0.1%. Coupled with the strong returns in the first two months of 2019, the S&P 500 posted its best first quarter performance since 1998. S&P 500 earnings growth ended 2018 […]

Read More

Economic Outlook – April 2019

April 23, 2019 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew at a slower pace in the fourth quarter (Q4) than previously reported. The Commerce Department stated that the third revision for Q4 real gross domestic product (GDP) came in at an annual rate of 2.2%, down from 2.6% in the previous estimate. Personal consumption expenditures and nonresidential fixed investment rose less than […]

Read More

Investment Review – March 2019

March 22, 2019 Investment Review
Stack of coins

All three major U.S. stock indices continued their upward trend in February. The S&P 500 gained 2.9%, the Dow Jones Industrials gained 3.4%, and the Nasdaq Composite gained 3.7%. Non-U.S. stocks also rose. The MSCI EAFE Index rose 3% and the MSCI Emerging Markets index rose 1%. Treasury note yields rose slightly and across maturities in February maintaining […]

Read More

Economic Outlook – March 2019

March 22, 2019 Economic Outlook
Positive Economic Trend Graph

The Bureau of Labor Statistics (BLS) reported a much lower than expected non-farm payroll employment gain of 20,000 in February, the fewest monthly additions since September 2017. The low monthly gain was below the consensus estimate of a gain of 180,000 and well below January’s gain of 304,000. The unemployment rate dropped to 3.8%. Monthly […]

Read More