Market Commentary

Third Quarter, 2018

The economic expansion has accelerated this year, largely due to economic stimulus from tax reform, and will likely remain strong going into 2019. The impact of tax reform will fade eventually, and continued economic growth above 3% will require stronger capital investment, a more favorable trade environment and higher productivity. [...]

2021-02-09T10:31:18-06:00September 30th, 2018|Market Commentary|

Second Quarter, 2017

The labor market tightened further during the second quarter with the unemployment rate declining to 4.3%. Inflation remains stubbornly below the Federal Reserve Open Market Committee’s (FOMC) 2% target, but a tightening labor market may eventually place upward pressure on wages. The FOMC increased its policy interest rate an additional [...]

2021-02-09T10:45:52-06:00June 30th, 2017|Market Commentary|

First Quarter, 2017

During the first two months of the quarter, stocks moved steadily higher on the enthusiasm and expectations of stronger economic growth, lower corporate income taxes, higher government spending on infrastructure and a more business friendly regulatory environment. The stock market reaction reflected instant success of the Trump pro-growth agenda without [...]

2021-02-09T10:47:58-06:00March 31st, 2017|Market Commentary|
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