Monthly Market Commentary

ECONOMIC UPDATE The sharp rally in Treasuries raised questions regarding the health of the U.S./global economy and future Fed policy The March FOMC meeting was more dovish than expected, with no projected rate hikes in 2019 according to the median participant forecast...

ECONOMIC UPDATE Risk markets maintained positive momentum in February on expectations of a dovish Fed and a trade agreement between the U.S. and China U.S. economic data trend has slowed relative to expectations in recent weeks January 30 FOMC minutes suggested the...

ECONOMIC UPDATE Riskier assets bounced back in January following a rough end to 2018 A more dovish Fed was the primary source of improved sentiment At the January meeting, the FOMC called for “patience” regarding future policy decisions, and a separate statement...

ECONOMIC UPDATE The Fed has received much popular criticism for raising the fed funds rate again in December, as Fed leaders resisted pressure to act in support of equity markets While markets are focused heavily on Fed interest...

ECONOMIC UPDATE Financial markets remained volatile in November on concerns of tighter monetary policies, U.S./China trade relations, and slowing global growth Fed Chair Powell appeased the markets by tempering the perceived hawkishness of his October comments The...

ECONOMIC UPDATE Heightened market anxiety in October was attributable to the same general macro factors affecting markets in recent months, as well as corporate earnings concerns The domestic data trend remained solid over the month, including a better than expected...

ECONOMIC UPDATE Market sentiment improved in September, with investors seemingly shrugging off the latest negative trade headlines Italian fiscal woes present another potential source of market volatility in the near term The Fed continues to move forward with gradual...

ECONOMIC UPDATE The U.S. economy continues to expand at an above-trend rate, but potential headwinds from trade policies and emerging market stresses are fueling some anxiety in financial markets A stronger dollar and U.S. trade sanctions have brought emerging market...

ECONOMIC UPDATE • A positive meeting between Trump and Juncker temporarily eased trade concerns from a market perspective • Q2 GDP growth breached 4% for the first time since 2014, and the underlying details were positive for current quarter production • Higher...