Market Perspectives

2Q GDP GROWTH RATE LOWERED TO 2.0% The Commerce Department lowered its estimate of 2Q 19′ GDP growth rate to 2.0% from 2.1%. The results, which were in line with expectations, portray a U.S. economy that remains is in solid shape (the long-term growth forecast for GDP is 2.0%) but…

July was a positive month for the S&P 500, rising 1.3% while the core bond ETF (AGG) increased only 0.2%. Looking beyond the United States, stocks and emerging markets (stocks) slumped in the same period. Now, if we focus on the Price/Earnings ratios alone, domestic stocks may appear overvalued. However,…

U.S. equity markets fell more than 2% last week, one of the worst weekly performances in 2019. The breakdown in U.S./China trade negotiations, combined with President Trump’s announcement of new tariffs, ignited the mild sell-off. However, stocks plunged again on Monday morning amid continuing trade war concerns. China has retaliated…

As stock markets go, the first quarter of 2019 was a win all around. The S&P 500 experienced its best quarter overall since the third quarter of 2009, when the recovery out of the great recession was just getting underway. The index also had its best first quarter since 1998,…

Stocks closed mixed on Friday, but mostly recovered from early losses. The muted performance is attributable to fourth-quarter earnings, negotiations over a China trade deal and the insipid debt ceiling issues. The 10-year Treasury yield closed Friday at 2.63%, down from 2.69% the prior week. Last week’s economic reports, which…

2019 Interest rates and inflation shouldn’t represent a serious roadblock to equities. Economic and corporate earnings fundamentals have remained relatively positive over the past few months amid increasing volatility; many stocks have entered correction territory. Investor concerns have grown as a number of issues remain unclear; trade talks, oil price…

U.S. stocks ended the week slightly lower after reaching new all-time highs last week, with the S&P 500 Index dropping 0.5%. Materials, financials and consumer staples were among the biggest detractors, while telecom, health care and technology moved higher. U.S. Treasury prices and the dollar also advanced and oil prices…

Stocks prices continued moving higher last week as if to say a somewhat disappointing July jobs report and ongoing trade-related tensions between the U.S. and China are not a serious threat, yet. The Dow Jones Industrial Average and the S&P 500 both climbed 0.5%, while the Nasdaq Composite inched up…