All Posts Tagged: stock market

U.S. Outlook: Intrigue hijacks the policy agenda; risk on the rise

Scott Anderson
Chief Economist

Daily economic indicators continue to show the second-quarter U.S. economic rebound remains on track. However, beyond this quarter, the economic and policy outlooks are becoming cloudy again.

Graph showing rise of President Trump's disapproval rating.The political drama in Washington, D.C.,intensified this week and has potentially damaged and/or delayed the Trump administration’s business-friendly economic policy agenda.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on May 19.

Key observations:

  • President Trump’s ratings are once again revisiting their lowest levels since he took office.
  • Republican lawmakers may be more willing to distance themselves from elements of the president’s tax reform and budget plan — for example, whether to make the tax cuts revenue-neutral or not.
  • Measures of stock market volatility and credit risk show a level of complacency that seems oddly out of place with the dire political headlines of the day.
  • This week’s events call our GDP 2018 forecast into question and tip the balance of risks more toward the downside than the upside in my view.

Click here to read my full report.

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Investment Insights: China’s new Silk Road and a European Union makeover

Wade Balliet
Posted by Wade Balliet
Investment Strategy
View from harbor of Shanghai

The trade relationship between the U.S. and its largest trading partner is being reshaped.

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Investment Insights: Apple takes a bite out of earnings

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Street view of Apple store in China, with a crowd of shoppers inside visible behind the glass wall.

Although Apple may have disappointed some investors, companies within the S&P 500 in aggregate have held up to the hype placed on the domestic equity market this year.

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Instant Analysis: The FOMC decision for May

Scott Anderson
Chief Economist
Close up of the Federal Reserve building with the eagle statue

We see nothing in the statement today that would dissuade the FOMC from raising the fed funds rate again in June.

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Investment Insights: Keeping a close eye

Wade Balliet
Posted by Wade Balliet
Investment Strategy
close up on business section of a tax form

Increases in lending rates may cause some downside pressure, but corporations could soon benefit from new laws.

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