Weekly Economic Commentary

Shaw Financial Shaw Financial

  • BOTTOM LINE: IMPRESSIVE EARNINGS SEASON
    by Christie Reed on August 17, 2017 at 3:45 pm

    Corporate America delivered another outstanding earnings season, with double-digit earnings growth, solid upside to forecasts, and generally upbeat outlooks from corporate management teams. We have been particularly impressed with the breadth of earnings gains and upside to revenue forecasts. Strong earnings continue to provide support... […]

  • SLOW EVOLUTION OF CONSUMER SPENDING
    by Christie Reed on August 15, 2017 at 8:42 pm

    Consumer spending dominates the composition of the U.S. economy, trending at about 70% of gross domestic product (GDP). But how have consumers fared in the aftermath of the Great Recession and financial crisis that began 10 years ago? Data show that relative to other economic... […]

  • BUY THE DIP? WHAT DIP?
    by Christie Reed on August 10, 2017 at 9:32 pm

    Buy the dip? What dip? Beyond the double-digit gains in stocks this year1 and all of the all-time highs (29 for the S&P 500 Index already this year), perhaps the biggest story for the S&P 500 in 2017 is the absence of pullbacks. Here we... […]

  • TAX REFORM PIVOT?
    by Christie Reed on July 28, 2017 at 1:21 pm

    Is it time for the tax reform pivot? Earnings season will get a lot of attention this week (July 24–28) with 190 S&P 500 Index companies slated to report, as will the Federal Reserve with its two-day policy meeting concluding on Wednesday, July 26 (though... […]

  • CENTRAL BANK MANIA CONTINUES
    by Christie Reed on July 25, 2017 at 9:52 pm

    The conclusion of the Federal Reserve’s (Fed) meeting on July 26 will end a busy seven days for central bank watchers that also saw meetings for two other major central banks — the Bank of Japan (BOJ) and the European Central Bank (ECB). The Fed’s... […]