There is much debate on whether active investment managers can consistently outperform passive benchmark indexes, often framed as “active versus passive.” Read More
Over the weekend, President Trump unveiled a new set of tariffs targeting goods imported from Canada, Mexico, and China. Read More
As we step into the new year, there’s the usual sense of renewed optimism and the promise of fresh beginnings. Read More
With additional content provided by Kent Cullinane, Analyst, Research. Read More
November once more lived up to its reputation for seasonal strength as an election-fueled November “Turkey Rally” delivered outsized returns for stocks. Now as December begins, investors are asking the question: Is the Santa Claus Rally still coming to town? Read More
Last month’s weak jobs report was attributed to weather related distortions, so this month’s headline should rebound as it will likely incorporate job gains from both October and November. Read More
The latest retail sales figures rose 0.4%, month over month, creating somewhat of a blowout report. Read More
It’s been a fun year for stock market investors. The S&P 500 has rallied over 22% this year, setting nearly 50 record highs as the current bull market recently celebrated its second birthday. Throughout the record-setting rally this year, even as corporate profits broadly backed lofty valuations, market watchers from Wall Street to Main Street have cited stretched valuations.
The Fed delivered a 50 basis-point cut in rates with a clear message they are committed to full employment. The decision to cut rates was not unanimous, but Chairman Jerome Powell mustered some consensus among the hawks and doves on the Committee. Still, Federal Reserve Governor Michelle Bowman dissented, the first time a governor has dissented since 2005. Read More
Additional content provided by Brian Booe, Analyst, Research. As the morning breeze grows slightly cooler, pumpkin spice-flavored coffees return to menu boards, and the college football rankings begin to heat up, it is clear fall has arrived. Read More
Additional content provided by Colby Hesson, Analyst, Research. Federal Reserve (Fed) Chair Jerome Powell headlined last week’s Jackson Hole Economic Symposium, titled “Reassessing the Effectiveness and Transmission of Monetary Policy." In his speech, he could not have been more clear: “The time has come for policy to adjust." The fed funds futures market expects a rate drop next month. Implied probabilities for a 0.25% reduction in the target rate remain at 100%, while the odds...
Leaves beginning to drop in the yard, back-to-school commercials, cooler nights, and for those working in capital markets, the annual Jackson Hole Economic Symposium are all emblematic reminders summer is about to end. For many of us, especially with kids, the transition to fall brings a lot of change beyond just the turning of the leaves. Read More
