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Weekly Economic Update
Economic Update: A very busy week boosted by stronger manufacturing reports from the Northeast region, better industrial production and tighter capacity utilization. Housing sales data were mixed: better sentiments from builders this month but weaker monthly housing starts and building … Continue reading
Posted in Economic News
Tagged bps, Fed, financial markets, Marketfield Asset Management, MSCI Europe
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FED NOTE
Fed Note: The FOMC concluded their June meeting today, again with little fanfare or surprise. The tapering process of winding down stimulative treasury/mortgage bond purchases will continue at a rate of an additional $10 billion/mo., which will bring overall purchases … Continue reading
Posted in Economic News
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Weekly Economic Update
Economic Update In a slow week for economic data, stats like retail sales were weaker, but PPI also came in flat, which appeared to temper core inflation concerns from prior weeks. Equity markets were largely off, due to increased concerns … Continue reading
Posted in Economic News
Tagged China, crude oil prices, Europe, Hillshire Brands, inflation concerns, Iraq, Japan, Merck, oil prices, PPI, Priceline, Retail Sales, Tyson Foods, World Cup
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Weekly Economic Update
Economic Update: Featured by an unusual correction in the manufacturing ISM, economic data for the week was decent. The more dramatic news came from Europe, where the ECB provided additional easing and elected a new ‘negative interest rate’ policy, the … Continue reading
Weekly Economic Update
Economic Update: Economic data looked a bit better, as winter weather problems continue to dissipate towards more normal ordering and manufacturing conditions. However, some data remains lackluster (GDP for the first quarter was revised down into negative territory). The ECB … Continue reading
Posted in Economic News
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Weekly Economic Update
Economic Update Stronger reading in May’s preliminary Market PMI index brought optimism to the second half of this year. Housing sales data were mixed: New home sales rebounded in April after two months of declines; and existing house sales were … Continue reading
Posted in Economic News
Tagged Economic Update, Memorial Day weekend, PMI index, Russia
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Weekly Economic Update
Economic Update: Economic numbers were mixed, with April figures like retail sales lower, but regional Fed surveys for May showing a bit more promise. Inflation in CPI/PPI was higher than expected, with food price and housing increases being the primary … Continue reading
Posted in Economic News
Tagged Consumer Price Index, CPI, Economic numbers, Inflation, PCE, treasury yields
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MainStay Marketfield Update
The 75 day performance of Marketfield has generated some questions. As I write this, MFLDX is down 6.10% YTD. These results, though disappointing, are believed to be short term in nature by the team. I genuinely appreciate your past support, … Continue reading
Posted in Fund News
Tagged fixed income, Marketfield, Michael Aronstein, performance
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Weekly Economic Update
It was a slow week for economic news, but a few pieces came out positively. Janet Yellen’s congressional testimony was also benign and dovish—alluding to at least another year of easy monetary conditions. Equity markets were generally flattish on the … Continue reading
Weekly Economic Update
It was a busy week for economic data, with several key releases including 1st Quarter GDP—which disappointed. The Friday release of job growth, however, was strong. The Russia/Ukraine situation continues to simmer, but not yet boiling over, despite regional incidents … Continue reading
Fund Closing Announcement
It was just announced that T. Rowe Price Cap App is going to be conducting a more formal soft close. LSA is recommending that you keep any current positions and utilize the following funds as possible replacements: Janus Balanced – … Continue reading
Portfolio Manager Commentary
Portfolio Manager Commentary: Short Duration Credit May 15, 2014 Robert A. Lee Partner & Director of Taxable Fixed Income Andrew H. O’Brien, CFA Partner, Portfolio Manager Lord Abbett Partners Rob Lee and Andy O’Brien talk about the trends that are affecting fixed-income … Continue reading →