Economic Updates

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

Risks have eased, but so has growth

Risks have eased, but so has growth

Q1 2020 | Capital Markets Outlook

We favor reducing risk as we look for proof that earnings can support asset valuations.

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Bonds likely to be range bound in 2020

Q1 2020 | Fixed Income Outlook

Global growth will likely stabilize and remain soft as we head into 2020.

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Is the path paved to 5,000 on the S&P?

Q1 2020 | Equity Outlook

What's in store for equities? We consider a number of factors that could drive stocks higher.

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Economic Update for February 10, 2020

Economy
  • The Census Bureau reported that for the year 2019, the trade deficit narrowed.
  • Construction spending fell 0.2% in December, according to the Census Bureau.
  • In its final report for December, the Census Bureau noted that factory orders increased 1.8% and durable goods orders jumped 2.4%.
  • The Institute for Supply Management noted that manufacturing expanded in January.
Employment
  • Initial jobless claims declined by 15,000 to 202,000 in the week ended February 1, 2020, according to the Labor Department.
  • The United States added 225,000 jobs and the unemployment rate rose to 3.6% in January from 3.5% in December, the Bureau of Labor Statistics reported.
Profits
  • As of January 31, 2020, of the 227 S&P 500 Index companies reporting fourth-quarter earnings, 152 beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • Business sentiment improved among manufacturers in January, according to the Institute for Supply Management.