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
Ever since the latest Consumer Price Index (CPI) was released on July 11, the most hawkish investor has had to concede that inflation rates were decelerating enough for the Fed to start cutting rates this year. After several disappointing reports earlier this year, more recent inflation reports were more encouraging to investors and setting things up for a small cap recovery. Read More
For many, investing in the infrastructure sector evokes thoughts of rather vanillainvestments in toll roads, airports, and tunnels. While those investments remainattractive within the transportation sector, as an asset class, infrastructure hascontinuously adapted and today includes a growing opportunity set for investors.Infrastructure as an asset class has existed since the industrial revolution; it gainedsteam during the early 1990s as fi rst Australia, followed by the United Kingdom, andCanada, began to privatize state-owned telecommunications, utilities, andtransportation companies.
With additional contributions by Kent Cullinane, Analyst, Research. With June, the second quarter (Q2), and the fi rst half of the year behind us, weconducted a deeper dive into fund fl ows over these periods. Flows measure the netmovement of cash into and out of investment vehicles, such as mutual funds andexchange-traded funds (ETF). We analyzed fl ows to gain insight on investor demandand sentiment surrounding asset classes, sectors, and other classifi cations of markets...
