Weekly Economic Update

Economic Update 12-10-2018

  • Economic data for the week was highlighted by stronger results for ISM reports in manufacturing and services, while factory orders and employment numbers for November came in showing slower growth than expected.
  • Global equity markets slumped, with foreign faring a bit better than U.S. with help from a weaker dollar.  Government bonds performed well, being the recipient of investor flows.  Commodities rebounded as well, as crude oil prices rebounded higher.

Continue reading

Advertisements
Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Weekly Economic Update

Economic Update 12-03-2018

  • Economic data for the week included an updated release of prior-quarter GDP that was unchanged, stronger housing prices but weaker housing sales metrics, slightly weaker consumer confidence and an increase in jobless claims.
  • U.S. equity markets rebounded sharply with decent economic numbers and less aggressive language toward interest rate tightening from the Federal Reserve.  Foreign stocks followed suit, with emerging markets outpacing developed.  Bonds gained ground as interest rates declined, in both U.S. and foreign markets.  Commodities were mixed, while crude oil prices rebounded slightly.

Continue reading

Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Weekly Economic Update

Economic Update 11-26-2018

  • On a holiday-shortened week, economic data consisted of growth, albeit at a tempered pace, of the Leading Economic Indicators, mixed housing data and jobless claims, as well as weaker durable goods orders and consumer sentiment.
  • Global equity markets declined for another week, as all regions fell back in unison.  Bonds were mixed as U.S. high quality bonds were little changed, but foreign bonds were negatively impacted by a stronger dollar.  Commodities were again punished by another large decline in the price of crude oil.

Continue reading

Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

LSA Revision Reminder

LSA Revisions – November 2018

LSA will begin making revisions to the following model portfolios over the next few days, (Private Client, PC Traditional, PC Blended, ETF, and SRI. Please note the date that the revisions will be posted to the website. These posts will be made at the end of each business day.

LSA will be making revisions to the following portfolios:

*** Posted, November 14th: SRI, Private Client Blended – TRADE DATE – Monday November 19th.

*** Posted, November 15th: Private Client, Private Client Traditional, ETF – targeted trade date – Tuesday, November 20th.

*The Mutual Fund and ETF revisions will impact the NTF models as well.

*As a reminder, the Revision Explanation Presentation/Video is posted in the “News & Announcements,” section on the LSA Beta home page and will be posted at the end of the business day on the targeted posted date.

Continue reading

Posted in Uncategorized | Leave a comment

Weekly Economic Update

Economic Update 11-19-2018

  • Economic data for the week was highlighted by higher retail sales, driven by energy prices, mixed regional manufacturing results, tempered inflation and jobless claims that rose slightly.
  • Equity markets in the U.S. and developed Europe declined last week, while emerging markets fared positively, as sentiment improved.  Flows away from risk and falling interest rates benefitted fixed income.  Commodities were mixed but were generally led lower by a continued decline in crude oil prices but a sharp spike higher in natural gas.

Continue reading

Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Weekly Economic Update

Economic Update 11-12-2018

 

  • Economic news for the week included a FOMC meeting where interest rates were held steady, manufacturing ISM declined but remained strongly positive, and jobless claims continued to show labor market strength.
  • U.S. equity markets gained some ground last week, following the conclusion of the mid-term elections, while foreign stocks were mixed to lower on net.  Bonds were positive as interest rates declined a bit following the Fed’s meeting.  Commodities fell a few percent driven primarily by lows in crude oil, which is now in a bear market.

Continue reading

Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fed Update

Fed Note:

As expected, the FOMC unanimously made no change in the fed funds target rate during the November meeting—leaving the level at 2.00-2.25%.  Their formal statement offered few surprises, noting strength in underlying economic growth and labor markets.

In keeping with the quarterly pace of rate movements, fed funds futures peg the chances of a hike in December at over 80%.  Many economists also expect 2-4 hikes during 2019, but this gets murkier, with risks to that base case including an intensification of trade tensions, which could cause some erosion to GDP growth and also raise inflation, as well as a later-cycle flattening in manufacturing and other areas.  The Fed is no doubt cognizant (per their mentioning it) of the negative signals that a flat or inverted yield curve would send, but don’t claim to be overly concerned about this coming to pass.

The Fed dashboard remains little changed from the last meeting:
Continue reading

Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Weekly Economic Update

Economic Update 11-05-2018

  • Economic data for the week was highlighted by a decent government employment report, as well as strong results from other labor measures, and stronger consumer confidence, yet weaker manufacturing data.
  • Equity markets in both the U.S. and abroad bounced back last week, gaining several percent.  On the other hand, fixed income markets ended the week negatively due to flows back toward risk and rising interest rates.  Commodities lost several percent solely due to the higher crude oil supplies, which drove prices down sharply.

Continue reading

Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Weekly Economic Update

Economic Update 10-29-2018

  • Economic data for the week was highlighted by GDP results for the third quarter that came a bit better than expected, strong durable goods orders and jobless claims, as well as mixed housing and sentiment results.
  • Global equity markets fell sharply again, coupled with higher levels of volatility.  Bonds fared well, as investors sought out safety, causing interest rates to decline.  Commodities declined as well, due to weaker energy prices.

Continue reading

Posted in Economic News | Leave a comment

Weekly Economic Update

Economic Update 10-22-2018

  • Economic data for the week was highlighted by mixed but still-strong results from manufacturing, continued growth-oriented results from a key index of leading economic indicators, weaker retail sales affected by storm activity, and poor housing market results.
  • Developed equity markets were flattish in the U.S. due to a variety of positive and negative cross-currents, while emerging markets lost ground.  Bonds also declined as interest rates rose.  Commodities generally declined along with the price of crude oil.

Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Weekly Economic Update

Economic Update 10-15-2018

  • Economic data for the week featured more tempered inflation results than expected as seen in last month’s PPI and CPI, lowering the trailing year’s results.  Consumer sentiment declined and jobless claims ticked upward a bit due to hurricane-related effects.
  • Global equity markets suffered a volatile week, with the worst down day stretch seen in over six months.  Bonds fared positively, due to cash flows moving to less risky assets.  Commodities were mixed to down, as the price of crude oil declined sharply.

Continue reading

Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Market Pullbacks

Market Pullbacks

It’s easy to get caught up in complacency when conditions are good, the sun is shining and the market is rising without interruption.  But, as we know intuitively (but often still forget), such parabolic conditions aren’t realistic or even desirable.  In theory, markets that moved upward without any risk of an occasional downward slide would eventually become prohibitively expensive as discounts would be wrung out of the system and create a market situation far more fragile than one with a healthy balance that reacts, digests/disregards and interprets news as it occurs.  Good or bad, this is the essence of how markets have operated over the course of the last few centuries. Continue reading

Posted in Economic News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment