Shaw Financial

13 Feb CORRECTION PERSPECTIVES

After an extraordinary two-year period of market calm, the major U.S. equity markets slipped into correction territory last week. A perfect storm of investor worries collided over the past six trading days, including inflation, monetary policy, and the unwinding of crowded, complex trades. The result was an unprecedented bout...

08 Feb GDP, PCE, AND JOBS

U.S. stocks and bonds were hit by inflation concerns over the past week, but what is the economic data telling us? A barrage of U.S. economic data was released over the past two weeks, including major reports such as fourth quarter gross domestic product (GDP), personal consumption expenditure...

02 Feb DOLLAR VOLATILITY PERSISTS

The U.S. dollar was in the news recently after comments from Treasury Secretary Mnuchin, European Central Bank (ECB) President Draghi, and President Trump created volatility in the world’s reserve currency. Mnuchin indicated that a weak dollar could benefit the United States as it relates to trade and opportunities. Draghi...

18 Jan GLOBAL GROWTH EXPECTED TO CONTINUE IN 2018

Global economic growth exceeded expectations in 2017, and we expect another strong year in 2018. The Citi Global Economic Surprise Index, which was well above zero for most of the second half of 2017, signaled that global economic data was exceeding expectations [Figure 1]. Drivers of strong global performance...

21 Dec WHEN OVERBOUGHT IS BULLISH

The bull market continues to march higher. The S&P 500 Index is near one of the most overbought levels in history and this has many wondering how much longer the rally can continue. The longer-term technical indicators continue to look strong, but sentiment is flashing some warning signs...

14 Dec CORPORATE BEIGE BOOK-Upbeat As Expected

Companies remained generally upbeat during the third quarter earnings season, based on the LPL Research Corporate Beige Book Barometer. This is hardly surprising, given actual earnings results were good again and estimates of future earnings held up relatively well as companies provided forward-looking guidance. POSITIVE SENTIMENT...

01 Dec OUTLOOK 2018 EXECUTIVE SUMMARY

The return of the business cycle means a return to traditional forces that have historically propelled the economy and markets. Instead of relying on accommodative monetary policy and central bank intervention, fiscal policy and improving business fundamentals are expected to spur further economic and market...