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Category Archives: Economic News
Weekly Economic Update
The biggest news of the week was the FOMC meeting, press release and news conference, but we won’t rehash our earlier note of the week. Long-story short, the ‘taper’ is postponed for now, and that drove sentiment (up) much more … Continue reading
Fed Update
There hasn’t been this much excitement over a Federal Reserve meeting in quite some time. The FOMC concluded their September event today and all eyes were on the finale of the ‘taper caper’ (yes, I’m afraid I made that up). … Continue reading
Weekly Economic Update
Economic data was being watched perhaps a bit more closely this last week with the Fed meeting upcoming and talk of the ‘taper’ hanging in the balance. (-) Retail sales for August gained a meager +0.2%, which disappointed a bit … Continue reading
Weekly Economic Update
Despite the Labor Day-shortened week, several important releases kicked off the fall market season (traditionally the week where everyone on Wall Street gets ‘back to business’). (+) The ISM manufacturing index for August came in better than expected for August, … Continue reading
Weekly Economic Update
(-) Durable goods orders for July came in weaker than expected, falling -7.3% relative to a consensus forecast decline of -4.0%. Removing transportation from the headline figure, orders fell a much less dramatic -0.6%, but underperformed an expected +0.5% gain … Continue reading
Weekly Economic Update
It was a relatively light week for economic reports. Unfortunately, a few weak data points this last week and in recent weeks have been steadily eroding economist GDP estimates for the coming quarter, although growth for the second half is … Continue reading
Posted in Economic News
Tagged Economic Indicators, Economic Update, FHFA, FOMC, Home Sales, Initial Jobless Claims, LSA
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Weekly Economic Update
(+) Retail sales for July rose for the fourth consecutive month, with a gain of +0.2%, which came in slightly below the forecasted +0.3%. While broadly stronger, the tempered headline result was based on a -1% decline in autos and … Continue reading
Posted in Economic News
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Weekly Economic Update
(+) Like its manufacturing counterpart the previous week, the non-manufacturing ISM improved more than expected for July, from 52.2 to 56.0, outperforming the median consensus estimate of 53.1. Core business activity improved to over 60, coupled with gains in new … Continue reading
Posted in Economic News
Tagged Economic, Federal Reserve, Jobless Claims, JOLTS, Portfolio, Trade Deficit, Update
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Weekly Economic Update
It was an eventful week in regard to economic releases, so we tried to keep the summary relatively succinct (sometimes a tall order). (+) Perhaps the biggest news was the release of real 2nd quarter GDP. Estimates had been continually … Continue reading
Posted in Economic News
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LSA Manager Interview with Matt Lamphier, CFA
Manager at First Eagle Join LSA as we interview, Matt Lamphier, CFA Associate Portfolio Manager – U.S. Value Fund Mr. Lamphier is a graduate of the U.S. Air Force Academy, received his MBA from the University of Chicago Graduate School … Continue reading
Posted in Economic News, Partner News
Tagged First Eagle, LSA, Manager, Matt Lamphier, Portfolio
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FOMC Update
The FOMC completed their July meeting today with little fanfare. Their official statement alluded to ‘modest’ economic growth as of late (downgraded from ‘moderate’), reflecting recent weaker figures, as well as an acknowledgement of improved but continued struggles with high unemployment, … Continue reading
Posted in Economic News
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Weekly Economic Update
(+/0) Durable goods orders for June came in a bit better than expected, at a gain of +4.2% versus a consensus increase of +1.4%. The surprise was led by a +31% increase in non-defense aircraft orders during the month, so, … Continue reading
Posted in Economic News
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