Weekly Economic Commentary

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  • U.S. ECONOMY: REGULARLY SCHEDULED MAINTENANCE DUE
    by Brett Williams on June 21, 2017 at 6:47 pm

    We continue to look for the U.S. gross domestic product (GDP) to expand near 2.5% in 2017, although potential delays in passing major fiscal policies introduce some risk to the downside. This below-trend pace is still somewhat stronger than the trajectory that the economy has... […]

  • MIDYEAR OUTLOOK 2017
    by Brett Williams on June 21, 2017 at 6:44 pm

    We forecast 6–9% returns for the S&P 500 Index in 2017. As investors increasingly trust that the economy can stand on its own without the need of monetary policy support, business fundamentals should take over as the primary market engine and corporate profits will take... […]

  • Hurdling Overseas Earnings
    by Brett Williams on June 13, 2017 at 4:04 pm

    Overseas earnings were even better than expected during the first quarter (Q1) of 2017. Global equity analysts were looking for strong earnings growth from overseas companies after years of flat to declining earnings; for the most part, those markets delivered. Stock markets themselves responded, with... […]

  • BEIGE BOOK: WINDOW ON MAIN STREET
    by Brett Williams on June 6, 2017 at 4:00 pm

    BEIGE BOOK SUGGESTS CONTINUED MODEST ECONOMIC GROWTH The latest edition of the Federal Reserve’s (Fed) Beige Book, released Wednesday, May 31, 2017, continued to deliver a positive view of the U.S. economy. The Beige Book is a qualitative assessment of the domestic economy and each... […]

  • MASTER LIMITED PARTNERSHIP – MORE GOING ON THAN OIL PRICE
    by Brett Williams on June 6, 2017 at 3:57 pm

    Master limited partnerships (MLP) appear to be a natural way to invest in the changing energy landscape. MLPs are exclusively focused on energy infrastructure in the United States and Canada. North American energy production has become a dominant factor in the price of oil and... […]