Weekly Economic Commentary

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    by Christie Reed on November 17, 2017 at 10:54 pm

    Last week marked the one-year anniversary of President Trump’s Election Day victory. The period since the president was elected has been one of the best ever for U.S. stock markets. The 28.5% rally in the Dow Jones Industrial Average (Dow) one year after the election... […]

    by Christie Reed on November 15, 2017 at 9:37 pm

    Productivity for the third quarter of 2017 rose 3.0%, the largest one quarter increase since the third quarter of 2014 and over double the average quarterly growth rate since the start of 2009. This surge is significant, as a lack of productivity growth has been... […]

    by Christie Reed on November 9, 2017 at 5:09 pm

    House Republicans released the initial version of their tax reform bill on Thursday, November 2. After months of aspirational outlines and frameworks devoid of detail, this was the real thing: 400+ pages of proposed legislation covering all of the details, including difficult decisions about eliminating... […]

    by Christie Reed on November 7, 2017 at 2:42 pm

    Master limited partnership (MLP) weakness appears overdone. The Alerian MLP Index has lost 9.3% in 2017 year to date, well behind the S&P 500 Index’s 17.5% return and even the energy sector’s 6.3% loss. More recent performance is particularly surprising given the 30% rally in... […]

  • NOVEMBER PREVIEW-The Calendar is Ticking on Tax Reform
    by Christie Reed on November 1, 2017 at 1:15 pm

    Along with the holiday anticipation November can bring, it is also historically a bullish time for equities. The S&P 500 Index is on pace to log another gain in October, marking 7 consecutive monthly gains on a price basis and 12 in a row on... […]