Economic Updates

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

Caution with a chance of bearishness

Caution with a chance of bearishness

Q3 2019 | Capital Markets Outlook

We are shifting our tactical allocations as weaker data give us doubts about current earnings expectations.

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Bonds rally as the Fed hits the pause button

Q2 2019 | Fixed Income Outlook

The outlook for global growth has cooled in 2019.

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What happened to value stocks?

Q3 2019 | Equity Outlook

Our views on the valuation spread, why investors don't want value, and which approaches may work best in the changing equity landscape.

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Economic Update for July 22, 2019

Economy
  • Import prices fell 0.9% and export prices declined 0.7% in June, the Bureau of Labor Statistics noted.
  • In an advance estimate, the Census Bureau stated that retail sales rose 0.4% in June.
  • Business inventories increased 0.3% in May, the Census Bureau reported.
Employment
  • Initial jobless claims rose by 8,000 to 216,000 in the week ended July 13, 2019, according to the Labor Department.
Profits
  • As of July 11, 2019, of the 23 companies of the S&P 500 Index reporting second-quarter earnings, 19 beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The University of Michigan’s index of consumer sentiment rose to 98.4 in July from 98.2 in June.