Macro Overview Political turmoil was not able to derail market momentum in May as the three major market indices continued on their upward trajectory.Delayed passage of stimulus driven legislation is reducing inflation expectations as markets anticipate an extended low rate environment. The …
Newsletter
Newsletter: May 2017
Macro Overview Fiscal policy has taken center stage as President Trump’s tax proposals will begin a drawn out process for legislative approval. Individuals, small businesses, and large corporations are expected to benefit from the various proposals.Geopolitical risks weighed on global financial …
Newsletter: April 2017
Macro Overview Equity markets advanced during the first quarter as improving economic data supported gradually rising earnings. A steady and predictable path of anticipated rate increases this year by the Federal Reserve was well received by financial markets. Domestic equity indices ended …
Newsletter: March 2017
Macro Overview Equity indices had their longest streak of record closes since January 1987, with the Dow Jones Industrial Average reaching 21,000, its second milestone in less than 30 days after reaching 20,000. It took the Dow only 24 trading days to elevate from 20,000 to 21,000, tying a record …
Newsletter: February 2017
Macro Overview A change in sentiment was prevalent throughout the markets as new rules and regulatory reversals began to take effect.Volatility rose as markets tried to discern President Trump’s policies. Equity markets propelled to new highs in January as optimism fueled U.S. equities,sending …