If you or your clients are unsure what to think of China’s recent 30% stock market plunge, Economist Brian Wesbury does a good job of explaining what is happening in his new video Wesbury 101: China Crisis: Whaddaboutit!
You can find a more detailed explanation in Lord Abbett Economic Insights’s new article China’s Stock Market: Can Beijing Keep It Steady? that should address all your concerns. Let us know what you think!
Economic Update 7-27-2015
Economic Update 7-20-2015
Economic Update 7-13-2015
Economic Update 7-06-2015
Economic Update 6-29-2015
Economic Update 6-22-2015
Since the start of the year, investors and economists have been focused on this month’s FOMC meeting; specifically, whether or not this would be ‘the one’—the meeting that announced a change in regime, from extreme emergency accommodative low rates to the start of tightening. Due to sporadic data since that time, it became more obvious over time that it was not to be.
The statement language reflected a moderate expansion of economic growth and job gains in recent months, while acknowledging the mixed nature of consumer spending, housing and business capex.
Many look at the ‘dot plot,’ which is a graph attached to the official statement showing the path of rates expected by FOMC members over the next several years—changes in these dots from last meeting are interpreted as a sentiment shift. As it stands, it appears the general expectation is a raising of rates twice by the end of 2015 (probably in the fall, as the July meeting doesn’t feature a press conference). It’s almost hard to believe, but two years hence—by end of 2017—members expect fed funds rates to be at 3% or so (given a range of +/- 0.5% in either direction).
A look at the dashboard: Continue reading
Economic Update 6-15-2015
Economic Update 6-08-2015
Below is a list of all models that are scheduled to trade today……June 8th, 2015. All revisions for these models have been posted and are ready to view.
*As a reminder, the Revision Explanation Presentation/Video will be posted later today. We will be sending out another email notifying you when it is posted. Once posted, it can be viewed via e-mail or on the LSA website.
** TRADE DATE SCHEDULED FOR TODAY…….. JUNE 8, 2015! **
A brief summary of the changes are below. There will be a more detailed explanation to follow.
If you have any questions please feel free to contact us at support@LSAportfolios.com or call us at 866-581-5724.
LSA Connect 