LSA Connect

Fed Note

Posted on June 15, 2016 by LSAConnect

Fed Note:

It was rumored again in recent months that Fed might use June as another jumping off point for a 2nd rate hike, but it was again not to be. With the poor employment situation report for May and tight polling for the upcoming ‘Brexit’ vote in the U.K. that could cause market disruptions, the FOMC was provided with several ready excuses to not proceed.

In today’s statement, it was noted that the pace of labor improvement has slowed, while economic activity appears to have picked up, as has housing. As household spending has improved, business spending/capex has remained soft. Inflation was acknowledged as remaining little changed, and running below target. Continue reading →

Posted in Economic News | Tagged 1st Quarter GDP, bps, Brexit, China, Commodities, CPI, Crude oil, crude oil prices, DJIA, ECB, economic growth, Economic Update, Emerging Markets, Employment, Europe, Eurozone, Fed, Federal Reserve, fixed income, FOMC, GDP, Government, Home Sales, Inflation, interest rate, interest rate hike, interest rates, Janet Yellen, Japan, Jobless Claims, MSCI Europe, oil prices, Portfolio, Q/E, Real Estate, Retail Sales, S&P 500, S&P500, unemployment rate, Update | Leave a comment

Weekly Economic Update

Posted on June 13, 2016 by LSAConnect

Economic Update 6-13-2016

In a quiet week for economic data, inventories rose, which was a positive for forward-looking GDP, jobs data was decent but consumer sentiment dropped a bit.

Equity markets in the U.S. ended generally flat, while foreign markets lost ground, with global growth and Brexit fears. Bonds ended higher with interest rates falling around the world. Commodities gained with strength outside of crude oil, which was little changed on the week.

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Posted in Economic News | Tagged bps, Brexit, Brexit fears, Britian, China, Commodities, CPI, Crude oil, crude oil prices, DJIA, ECB, Economic, economic data, economic growth, Economic Update, Emerging Markets, Employment, Europe, Eurozone, Fed, Federal Reserve, fixed income, FOMC, GDP, Government, Home Sales, Index, Inflation, interest rate, interest rates, Janet Yellen, Japan, Jobless Claims, LSA, msci, MSCI Europe, oil prices, Portfolio, Q/E, Real Estate, Retail Sales, Russia, S&P 500, S&P500, South Korea, U.K., unemployment rate, Update, Yahoo! | Leave a comment

Weekly Economic Update

Posted on June 6, 2016 by LSAConnect

Economic Update 6-06-2016

Economic data for the short week was mixed, with slightly stronger manufacturing data relative to previous months, while non-manufacturing/services weakened. Housing prices continued in an upward trajectory. However, the big government employment report on Friday was a disappointment, and could be enough to keep the Fed on hold for another month at least.

U.S. and developed foreign stocks were little changed on the week, with the mixed bag of economic data. Bond prices moved higher with a drop in interest rates and Fed action becoming less likely in June. Energy prices were little changed on the week, although other commodities gained.

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Posted in Economic News | Tagged bps, China, Commodities, CPI, Crude oil, crude oil prices, DJIA, ECB, Economic, economic data, economic growth, Economic Update, Emerging Markets, Employment, employment report, Europe, Eurozone, Fed, Federal Reserve, fixed income, FOMC, GDP, Government, Home Sales, Inflation, interest rate, interest rates, Japan, Jobless Claims, LSA, MSCI Europe, oil prices, Portfolio, Q/E, Real Estate, Retail Sales, Russia, S&P 500, S&P500, Taper, Ukraine, unemployment rate, Update, Yahoo! | Leave a comment

Weekly Economic Update

Posted on May 31, 2016 by LSAConnect

Economic Update 5-31-2016

Economic data for the week was dominated by strong U.S. housing numbers, while durable goods and sentiment lagged. Comments from FOMC members alluded to a stronger chance of an interest rate hike in coming months.

Equity markets around the world gained on the week, with continued strength in oil prices and an improvement in economic and geopolitical sentiment somewhat. With interest rates flattish, bond prices didn’t experience much movement during the week.

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Posted in Economic News | Tagged bps, China, Commodities, CPI, Crude oil, crude oil prices, DJIA, ECB, economic data, economic growth, Economic Update, Emerging Markets, Employment, Europe, Eurozone, Fed, Federal Reserve, fixed income, FOMC, GDP, Government, Home Sales, Inflation, interest rate, interest rates, Janet Yellen, Japan, Jobless Claims, LSA, MSCI Europe, oil prices, Portfolio, Q/E, Real Estate, Retail Sales, Russia, S&P 500, S&P500, unemployment rate, Update, Yahoo! | Leave a comment

Weekly Economic Update

Posted on May 23, 2016 by LSAConnect

Economic Update 5-23-2016

Economic data on the manufacturing side was lackluster, with indexes contracting again. Inflation was again generally contained, and housing came in a bit better than expected, while the FOMC minutes from April surprised somewhat—being more biased towards tightening than some observers first thought.

Equity markets in the U.S. and developed foreign markets moved slightly higher on the week generally as investors absorbed the more hawkish set of Fed minutes, while emerging markets lost ground. Bonds declined as interest rates ticked up along the yield curve. Commodities gained with a continued recovery in oil prices.

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Weekly Economic Update

Posted on May 16, 2016 by LSAConnect

Economic Update 5-16-2016

In a slow week for economic data, retail sales gained more than expected, while consumer sentiment also came in showing strength. Jobless claims were the sole weak spot, but this may have been the result of one-off seasonal adjustments.

Stock markets fell across the globe along with poor retail earnings, while bonds gained with interest rates ticking downward. Due to a variety of cross-currents, crude oil prices rose again, into the upper $40’s/barrel.

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Weekly Economic Update

Posted on May 9, 2016 by LSAConnect

Economic Update 5-09-2016

Economic data for the week was highlighted by continued mixed results in manufacturing, but stronger non-manufacturing/services data. The employment situation report for April was a bit of a disappointment, mostly due to the doubt it casts on Fed action in the near future.

Equity markets declined on the week, but domestic high-quality bonds performed positively as interest rates declined. On the other hand, U.S. high yield and emerging market bonds weakened in line with lower oil prices.

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Posted in Economic News | Tagged 1st Quarter GDP, bps, China, Commodities, CPI, Crude oil, crude oil prices, DJIA, ECB, Economic, economic data, economic growth, Economic Update, Emerging Markets, Employment, Europe, Eurozone, Fed, Federal Reserve, fixed income, FOMC, GDP, Government, Home Sales, Inflation, interest rate, interest rates, Janet Yellen, Japan, Jobless Claims, LSA, MSCI Europe, oil prices, Portfolio, Q/E, Real Estate, Retail Sales, Russia, S&P 500, S&P500, unemployment rate, Update, Yahoo! | Leave a comment

Weekly Economic Update

Posted on May 3, 2016 by LSAConnect

Economic Update 5-02-2016

As expected, the FOMC didn’t take any interest rate policy moves following their April meeting, while 1^stquarter GDP came in a bit lower than expected, manufacturing data continued to show some ongoing weakness, while housing reports were decent.

Stocks lost ground on the week globally, not helped by the Bank of Japan’s lack of action on the accommodation front. With interest rates falling, bonds gained, led by credit, which was helped by continued recovery strength in energy.

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Posted in Economic News | Tagged 1st Quarter GDP, bps, China, Commodities, CPI, Crude oil, crude oil prices, DJIA, ECB, Economic, economic data, Economic Update, Emerging Markets, Employment, Europe, Eurozone, Fed, Federal Reserve, fixed income, FOMC, GDP, Government, Home Sales, Inflation, interest rate, interest rates, Janet Yellen, Japan, Jobless Claims, LSA, MSCI Europe, oil prices, Portfolio, Q/E, Real Estate, Retail Sales, Russia, S&P 500, S&P500, unemployment rate, Update, Yahoo! | Leave a comment

Fed Note

Posted on April 27, 2016 by LSAConnect

Fed Note:

No policy action was taken at today’s Federal Open Market Committee meeting, which was the unanimously expected result. The FOMC statement acknowledged stronger labor activity and housing, while also the negatives of slowing general economic growth as well as continued weak business capex spending and exports. However, the committee expects a longer-term shift back to growth at a ‘moderate’ pace. The vote was 9-1, with KC Fed President Esther George dissenting in favor of a quarter-point increase in rates (as she did in March as well). This was a ‘minor’ meeting with no press conference scheduled, so there is less to comment on than usual.

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Posted in Economic News | Tagged business cycle, capex spending, corporate spending, CPI, Crude oil, crude oil prices, economic data, economic growth, Economic Update, Employment, Esther George, Fed sentiment, Federal Reserve, FOMC, FOMC Meeting Minutes, GDP, Government, headline cpi, Home Sales, Inflation, interest rates, Japan, labor indicators, labor markets, MSCI Europe, negative rates, rate hike, recession, Yellen | Leave a comment

Weekly Economic Update

Posted on April 25, 2016 by LSAConnect

Economic Update 4-25-2016

Economic data for the week was focused on several housing stats, including higher home prices, existing home sales but lower starts and building permits. Jobless claims fell to multi-decade lows, which was good news for the labor market.

Stocks rose on the week with decent earnings reports and higher energy prices. Bonds lagged due to higher interest rates.

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Weekly Economic Update

Posted on April 18, 2016 by LSAConnect

Economic Update 4-18-2016

Economic data for the week was plentiful but mixed, with neutral results from retail sales and inflation, weaker industrial production and consumer sentiment but strength in some manufacturing results.

Equity markets gained ground with higher oil prices and positive earnings results. Government bonds lost some ground on higher interest rates, but tighter spreads benefitted corporate bonds. Commodities also rallied, led by oil and agriculture.

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Posted in Economic News | Tagged 1st Quarter GDP, bps, China, Commodities, CPI, Crude oil, crude oil prices, DJIA, ECB, Economic, economic data, economic growth, Economic Update, Emerging Markets, Europe, Eurozone, Fed, Federal Reserve, fixed income, FOMC, GDP, Government, Home Sales, Inflation, interest rate, interest rates, Janet Yellen, Japan, Jobless Claims, LSA, MSCI Europe, oil prices, Portfolio, Q/E, Retail Sales, Russia, S&P 500, S&P500, unemployment rate, Update, Yahoo! | Leave a comment

Weekly Economic Update

Posted on April 11, 2016 by LSAConnect

Economic Update 4-11-2016

In a relatively quiet week for economic data, ISM services showed further improvement into expansionary territory, and some jobs data offered a decent showing, with lower claims and stronger hiring and quits activity in the governments JOLTs report.

Equity prices generally fell globally with sentiment for economic growth declining a bit. Bonds rallied upon lower interest rates. Commodities gained, with oil leading the charge as a result of lower inventories.

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LSA Connect

Fed Note

Weekly Economic Update

Weekly Economic Update

Weekly Economic Update

Weekly Economic Update

Weekly Economic Update

Weekly Economic Update

Weekly Economic Update

Fed Note

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