In Brief Europe: Encouraging data now; ECB studying tapering U.S.: Inflation down; housing permits back up China: New data released; PBOC to coordinate work of new financial oversight body U.K.: Unexpected softer inflation in June LEIs: Global nominal reacceleration ending; real growth drivers needed Given the magnitude and pace of
In Brief U.S. growth continues to hum along at a moderate pace More hard evidence of European economic expansion Capacity, labor, and price pressures accruing in Japan In China government and private PMIs embody soft-landing The Brexit/politics dulled 2Q17 economic activity in the U.K. Equity markets performance was upbeat in
In Brief Momentum equity style factor is outperforming, backed by a sustained economic expansion. Oil prices entered a bear market on concerns about higher-than-anticipated global supply. Baa spreads hit fresh lows. A notable Leadership shift since Comey’s Testimony in early June: Technology price looks corrective while financials are reaccelerating. Stock
In Brief Investing with a long-time horizon and through a diversified portfolio are the best ways to batten down the hatches against volatility and avoid emotional investing errors. How should investors dampen portfolio volatility in the later stages of the business cycle? In the bond market, an inverted yield curve
In Brief A rebound in U.S. economic data strengthened the Fed’s case for a rate hike in June; the Fed outlined a plan to reduce the balance sheet. European growth surprised to the upside; data indicated that the eurozone’s recovery may be gaining momentum. The UK election resulted in a
On Oil: Prices Jump to Three-Week High on Talk of Extending Production Cuts Oil prices jumped to a three-week high on May 15. U.S. crude futures rose to $48.85 a barrel on the New York Mercantile Exchange and Brent rose to $51.82 a barrel on ICE Futures Europe. The move
