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 signals possible rate cut

Q3 2019 | Fixed Income Outlook

The global economy has cooled in 2019 as the fallout from the ongoing trade rifts, waning business confidence, and financial market volatility have kept the lid on expansion.

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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 September 16, 2019

Economy
  • The CPI increased 0.1% and core CPI rose 0.3% in August, according to the Bureau of Labor Statistics.
  • The Producer Price Index for final demand advanced 0.1% in August, the Bureau of Labor Statistics found.
  • Import and export prices both declined in August, the Bureau of Labor Statistics noted.
  • Retail sales grew 0.4% in August, the Census Bureau stated.
Employment
  • Initial jobless claims fell by 15,000 to 204,000 in the week ended September 7, 2019, the Labor Department reported.
Profits
  • As of September 5, 2019, of the 496 S&P 500 Index companies reporting second-quarter earnings, 366 — or 73.8% — beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The University of Michigan’s index of consumer sentiment rose to 92.0 in September from 89.8 in August.