US Economic Update January 2020
The US economy grew 2.3% in 2019 after a 2.1% print in the fourth quarter. While nothing to write home about, 2% plus growth [...]
Early Thoughts on the Coronavirus Scare
Our base case for the recent Coronavirus scare out of China is that it will loosely follow the script of previous pandemic scares. These [...]
Increasing Interest Rates and Equity Markets
Historically, the yield curve has effectively been a real-time business cycle indicator. The market’s growth and inflation expectations are projected at the long-end, while [...]
Market Commentary Q4/2019
Market Summary: The stock market closed the year on a euphoric high, propelled by a tentative truce in the trade war between the US [...]
US Economic Update December 2019
The final payrolls report for 2019 came in a little weaker than expected at 145,000 jobs added. The unemployment rate remained at 3.5%. This [...]