Author Archives: LSAConnect

Despite it being a fairly quiet Independence Day week, a few significant releases made the news and affected markets later in the week. (+) The ISM manufacturing index came in a bit better than expected, rising from 49.0 in May … Continue reading →

(-) The third and somewhat final estimate of first quarter GDP was revised downward—and quite dramatically—from the second estimate of 2.4% down to 1.8%.  The revision was based entirely on a reduction in consumer services consumption growth, which ended up … Continue reading →

This week’s news was highlighted by the FOMC meeting, which resulted in a reiteration of the current policy of accommodative mortgage and treasury bond buying.  However, further comments regarding the timing of the inevitable ‘tapering’ off of QE down the … Continue reading →

The Federal Open Market Committee completed their meeting this morning, and the conclusion was much the same as we’ve come to expect:  continued stimulus in the form of $85 billion in bond purchases a month with the same targets (6.5% … Continue reading →

(+) The highest-profile economic release of the week, May retail sales, were a bit higher than expected with a gain of +0.6% versus a forecasted +0.4% (including seasonal adjustments that first lowered April retail sales from +0.5%, to -0.1%, then … Continue reading →

On June 3rd, 2013 Lord Abbett posted a great article that was referencing “Why Bondholders May Not Need Worry.” https://www.lordabbett.com/advisor/commentary/marketview/great-rotation-why-bondholders-may-not-need-to-worry/ This was a great article that shows that although May was a difficult month for bonds the average investor still … Continue reading →

(-) The ISM Manufacturing report came in a bit weaker than expected, falling from April’s 50.7 to 49.0 for May, compared to the 51.0 level anticipated and pushing the measure to its lowest level in three years.  Weaker underlying components … Continue reading →