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HIGHLIGHTS OF THE WEEK – May 8 United States• The past week was action packed with economic data and events in Washington. Data largely supportedthe view that the U.S. economy will bounce back from its winter weakness.• The job market sprang back into action in April, enabling investors to heave a sigh of relief that …
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HIGHLIGHTS OF THE WEEK -May 1United States• First quarter GDP growth came in at just 0.7% (annualized) – slightly weaker than consensus. The mainculprit behind the slowdown was consumer spending, which barely grew. Much of the drag on growthappears to be temporary and we expect activity to rebound above 3% in the second quarter.• The …
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HIGHLIGHTS OF THE WEEK – April 25 United States• Investor sentiment remained relatively upbeat this week on constructive economic data, positive earningsreports, and hopes for near-term pro-growth policies.• Still, safe-haven assets remained in demand, supported by rising geopolitical tensions and anxiety overthe first round of the French presidential election this Sunday.• Overall, economic data has …
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HIGHLIGHTS OF THE WEEK – April 7 United States• Following the failure to repeal and replace the ACA, market participants questioned the new administration’sability to move forward with pro-growth policies. As such, major indicators opened lower on Monday,but risk sentiment recovered quickly as the week progressed.• Positive developments included pending home sales data and an …
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HIGHLIGHTS OF THE WEEK – March 27 United States• Stock markets inched lower this week as odds increase that the promise of regulatory reforms and taxcuts will be delayed.• Normally falling stocks, dollar, oil, and Treasury yields would suggest concern about the health of theU.S. economy. However, the data this week remained supportive of an …
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