Research Note - December 2016

December 22, 2016 | Market Commentary

Does the election of Donald Trump plus a Republican majority in the House and Senate equal a change in our economic overview? We look beyond the splashy headlines to contemplate this question in our new Research Note.

Country in Focus: Canada

November 03, 2016 | International Markets

With the U.S. presidential election upon us, one probably does not need to search too hard for pledges by friends or family to move to Canada depending on the outcome. Regardless of the credibility of these threats, our latest Country In Focus post takes deep look at the investment environment north of the border.

Research Note - October 2016

October 04, 2016 | Market Commentary

Slow growth and volatility have been the status quo throughout most of the current expansion. Our indicators suggest these features are likely to remain in place for now, but it is still important to consider what could threaten this outlook.

Checking in on the Consumer

June 30, 2016 | Active Management

The U.S. consumer is widely known to be the major contributor to domestic economic activity. In fact, the American consumer’s share of the U.S. economy (over 68%) ranks among the highest in the world.

Research Note - March 2016

April 15, 2016 | Market Commentary

The performance of the S&P 500 in the first quarter of 2016 was ordinary and rather extraordinary at the same time. This proxy for U.S. large-cap stocks closed the quarter up 0.77% (exclusive of dividends), which is a little light in terms of the historical average return but well within historical norms. This is only part of the story, however.

Research Note: February 2016

March 11, 2016 | Market Commentary

Volatility can provide opportunities for investors to add value through active management. Embracing volatility is inherently uncomfortable, because it forces you to step in when the crowd is running for the exits or to walk away when the crowd is still piling in. In Ralph Waldo Emerson’s words, “People wish to be settled; only as far as they are unsettled is there any hope for them.”

U.S. Labor Market Monitor

December 15, 2015 | Domestic Markets

As the Fed announces December 16 whether a hike in interest rates at this stage of the economic cycle is appropriate, a major consideration of policy officials will be the current state of U.S. labor markets. For an in-depth perspective into the various indicators we monitor to assess the health of labor market activity, we offer our updated chartbook, the United States Labor Market Monitor.

U.S. Labor Market Overview

April 22, 2015 | Domestic Markets

The employment situation is vastly improved from its Great Recession nadir, and the headline unemployment figure suggests the labor market is at equilibrium. For this reason, taking a detailed pulse of the condition of the United States labor market is warranted at this juncture.

Country In Focus: China

November 19, 2014 | International Markets

As a country that we have viewed in the past as being one of the riskier major economies in which to invest, we have witnessed in recent years a gradual but relentless trend of China becoming a more open and market-oriented economy.