While equities in the US have lost a little steam over the past few weeks, US large caps still remain in an intact upward trend: Mid-Caps and Small-Caps have taken a brunt of the softness due to a weak US dollar and uncertainty around a…
Category: Economic Update
Monthly Economic & Market Update
Much has been made of President Trump’s expectation to implement his pro-growth agenda, which certainly contributed to the run-up in equities starting immediately after the election. However, recent market strength seems to result more from positive corporate earnings than anything else, which, on balance, is…
Economic Update
GDPNow’s Latest Q2 Forecast = 3.4% As of June 2, 2017 Source: Atlanta Fed GDP Q2 2017 = 1.2% (Percent Change from Preceding Period) As of May 26, 2017 Corporate Profits After Tax = $1.735.8 Q1 2017 (Billions of Dollars, Seasonally Adjusted…
Market Commentary
US large caps ( 1.4%) and US small caps ( 1.1%) managed to bounce back from last week’s debacle of the Trump – Russian “collusion”. Europe (-0.3%) wasn’t so sanguine, as Trump’s visit to NATO was akin to a landlord showing up to collect overdue…