ECONOMIC UPDATE • A positive meeting between Trump and Juncker temporarily eased trade concerns from
ECONOMIC UPDATE Trade tensions led financial news wires in recent weeks, particularly related to heightened
ECONOMIC UPDATE European political concerns in late May sparked rate volatility in the region not
ECONOMIC UPDATE Q1 GDP exceeded expectations despite weaker personal consumption Core inflation and wage growth
ECONOMIC UPDATE An anxious tone persisted in risk markets throughout March, keeping equity market implied
ECONOMIC UPDATE A correction in equity markets finally surfaced in February due primarily to concerns
ECONOMIC UPDATE Positive momentum in risk markets continued in January (S&P 500 +5.7%) More hawkish
ECONOMIC UPDATE The biggest headline to start 2018 is the successful passage of the Tax
ECONOMIC UPDATE This time last year, financial markets were very optimistic that a new political
In recent weeks, the two themes capturing the most attention from financial markets have been 1) the tax reform effort, and 2) the White House nominee for Fed Chair. In addition to fiscal policy (tax reform) and monetary policy (Fed leadership), the narrative could be expanded to include inflation and real growth. These factors had generally provided a boost to financial markets over the last several weeks, but the tailwinds subsided somewhat in late October.
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